2. In real estate, the agent is fulfilling a service function. This geek of agent does not accept or reject offers on behalf of the client, its the agents cable to take care of the preliminary matters to bring the client and bare-ass purchaser together.
3. In the short term process of stash away and managing money, a cashier is the key component of ensuring a companys pecuniary stability and solvency. There is a fiduciary duty owed to the condescension, and insurance is held finished bonding. Therefore it is held that cashiers are in agency with the business.
4. An agents trust is derived from its relationship with the principal party. This can be implied or apparent, through the actions carried out in regular practises.
5.Apparent authority is presumed when agents perform their duties. As in a situation where an insurance agents acquit causes a client to believe that the agent has the authority to cope an insurance policy and contract on behalf of the insurance company.
6.
The actions of the agent allow bind the principle.
7.Fiduciary dutys are responsibilities that through the backbone nature of the contractual relationship an agent must conform to with. Generally these include: specific performance, reasonable care, disclosure, and confidentiality.
8. This duty will arise in a good faith type relationship; because the principle may be in a vulnerable position.
9.In partnerships, disclosure is still key to maintaining business goals. Also, each partner must act as agents to the other and owe fiduciary duties to them.
10.A partnership is a form of business in which two people pool their resources and be given on with business in efforts...If you want to get a full essay, order it on our website: Orderessay
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