Agency

May 28

Written By Bruton Institute Sociology, Law, and Public Policy

Agency

Sylvia Randolph (2021)

In an article by Eric Rasmusen p. 4. ¶ , 3 “in order to prove agency by estoppple, the following elements must be established: (1) intentional or negligent acts of commission or omission by the alleged principal with made the appearance of authority with the agent; (2) reasonable and good faith reliance on the appearance of authority in the punitive agent by the third party; and (3) a detrimental change in position by the third party due to the reliance on the agent’s apparent authority (Minskoff Equities v. American Express, 1995 )” (2004)

The example case given represented the best remedy in dealing with the undisclosed liability. The full responsibility of the principal including authority and economic duty in principle, agent relationship is crucial to third party business. In this case the principal failed in their role to ensure all lines were connected or not, with authority. If the principal had made such effort to monitor the business efforts then error would not have happened where the id., p. 406 “applying the least cost avoider principle reduces complexity” (2004) third party would not have changed their position, suing both the principal and the agent for payment.

Eric Rasmusen, Agency Law and Contract Formation 6 Am. L. & Econ. Rev. 369 (2004) Agency Law and Contract FormationOxford University Press: http://aler.oxfordjournals.org.ezproxy.liberty.edu/, issn1465-7260

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Keys, models, tools, resources in economic stability grounded on structured social contract.

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and design, at the point in time of maturation growth. Diffusion of innovation of innovation

mixed method and cooperative agreement of stable environments. Associated with multi streams

of life is bound in mixed method ethnographic aim or balance equilibriums.

For this reason, ecosystems of multiple layers that growth spurs not for deterioration but living

organisms in healthy environments. Wrenched, constructed, and built inside are the materials

used in personal development. The work of life that speaks to the needs of man in the deprived

states of the man’s physiological function with full capacity to stabilize and master the science

and arts. Weaves and fastens the leverages the infrastructure of society.

Where bias, error, and juxtaposition use grounding agreement that will supply and demand

relative options from the absolute experience, triple triangulation is the catalyst to validities

exposure and experience. The absolute ability of freedom found in the relationship between

person and their community, is the joint effort of relative support.

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Agency

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