Created by: tahira rafiq
Number of Blossarys: 5
A legal theory that imposes legal liability on an employer for the actions of the employee.
The contract that sets out the duties, responsibilities, and benefits of the persons who have agreed to enter into a partnership.
The authority specifically conferred on the agent by the principal, either orally or in writing.
A lawsuit brought by shareholders in the name of and on behalf of the corporation is called derivative suit.
Actual authority refers to the specific instructions, rights, and parameters granted to the agent from the principal.