Details
In commercial law, the law of agency is a very important concept to understand as it deals with contractual, quasi-contractual and non-contractual relationships. This usually involves a person, called the agent, who can act on behalf of another person, called the principal, to form a legal relationship with third parties.
In this free online law of agency course, you will learn about the relationship between the agent and principal and how the principal gives authority to the agent to act on their behalf. You will gain a better understanding of the three types of authority a principal can give to an agent - actual authority, apparent authority and ratified authority.
You will also learn about agent obligations to a principal and the limits of agent authority. The course also reviews who is agent for a business or corporation and what the duties of the Board of Directors and Officers in a business or corporation are.
This course will benefit entrepreneurs and business professionals who would like to learn more about the legalities behind the law of agency and what the duties of particular individuals in a business or corporation are regarding this law.
CERTIFICATIONTo qualify for your official ALISON Diploma, Certificate or PDF you must studyand complete all modules and score 80% or more in each of the course assessments. A link to purchase your Diploma certificate will then appear under the My Certificates heading of your My Account page.
LEARNING OUTCOMESLearning outcomes:
- Understand the meaning of law of agency;
- Understand the relationship between the agent and principal;
- Understand the three types of authority a principal can give to an agent;
- Learn about agent obligations to a principal and the limits of agent authority.
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