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Liability of Principals, Agents, and Independent Contractors
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Agent's Duty of Loyalty
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A fiduciary duty owed by an agent not to act adversely to the interests of the principal
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BYU Business Law, Accounting 241
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Terms in this set (13)
Agent's Duty of Loyalty
A fiduciary duty owed by an agent not to act adversely to the interests of the principal
Respondeat Superior
A rule that says an employer is liable for the tortious conduct of its employees or agents while they are acting within the scope of its authority.
Frolic and Detour
A situation in which an agent does something during the course of his or her employment to further his or her own interests rather than the principal's.
Coming and Going Rule
A rule that says a principal is generally not liable for injuries caused by its agents and employees while they are on their way to or from work.
Dual-Purpose Mission
An errand or another act that a principal requests of an agent while the agent is on his or her own personal business.