The Law of Agency

The common law of agency is the body of law applicable to ..... relationships in which one person (the agent) consents to act on behalf of another person (the principal) and subject to that person's control.

Agency doctrine ..... the consequences, for the agent and principal, of the agent's interactions with third parties, as well as the consequences of the relationship as between the agent and principal.

Agency is a common-law subject of wide ..... that intersects with a number of other subjects.

..... examples of agency relationships include those between officers and corporations, between employees and employers, and between real-estate and other specialized agents and their clients.

Despite the fact that specific rules concerning certain of those agency relationships have evolved, there remains a ..... law of agency with substantial application across diverse legal contexts.

The regular appearance of corporate scandals in newspapers-Enron in particular-has emphasized that agency law continues to be ..... in business and employment relationships.

Those scandals are characterized by businesspeople who 'should have known', and who appear to have acted ..... to the organizations for which they worked.

Courts responding to cases relating to the scandals have focused on the legal relationships among principals, agents, and ..... third parties.

Agency law has retained a structural coherence, despite statutory developments, in part because many statutes make reference to common law or ..... a background that includes basic common-law doctrines.

The law of agency is based on the Latin ..... 'Qui facit per alium, facit per se', which means 'he who acts through another is deemed in law to do it himself'.