Business Law Ch 25, 26, 27, 28.
General Agent
Agent authorized to carry out a particular kind of business or all business at a place
Special Agent
Agent authorized to transact specific act or acts
Broker
Agent with job of bringing two contracting parties together
implied authority
Agent's authority to do things in order to carry out express authority
Factor or Commission merchant
Bailee seeking to sell property on commission
Factor del credere
Factor who sells on credit and guarantees price will be paid
Agent
Person appointed to contract on behalf of another
Principal
Person who appoints another to contract with third parties
agency by estoppel
agency arising when one person leads another to believe third party is agent
Agency coupled with an interest
agency in which agent has financial stake in performance of agency
hostile work environment
alteration of terms or conditions of employment by harassment
durable power of attorney
appointment of agency that survives incapacity of principal
ratification
approval off unauthorized act
secondary boycott
attempt by employees to stop third party from dealing with employer
apparent authority
authority an agent is believed to have because of principal's behavior
customary authority
authority in agent possesses by custom
express authority
authority of agent stated in agreement creating agency
agency
contract under which one party is authorized to contract for another
collective bargaining
process by which employer and union negotiate and agree on terms of employment
dissolution
termination of corporation's operation except activities needed for liquidation
respondeat superior
theory imposing liability on employers for torts of employees
power of attorney
written instrument appointing an agent
fellow servant
employee with same status and working with another worker
shop right
employer's right to use employee's invention without royalty payment
Employment at will
employment terminable by employer or employee for any reason
disparate impact
fair policy disproportionately affecting protected class
attorney in fact
general agent appointed by authorization
protected class
group protected by antidiscrimination laws
disparate treatment
intentional discrimination against a particular individual
independent contractor
one who contracts to do jobs and is controlled only by contract as to how performed
