Create a one-paragraph scenario where a principal ratifies conduct outside the scope of authority.

Explain the rationale for trust accounts.

Describe the fiduciary duty of confidentiality.

How did Portugal and Spain govern their colonies to promote economic gain and exert their authority?

Distinguish the effect of minority on the position of principal versus the position of agent.

At a minimum, requires the agent to communicate to the principal any information that would affect the principal’s decisions

Duty prohibiting the agent from secretly benefitting from the agency transaction

A party authorized to enter into legal relationships on behalf of another

The range of acts authorized by the principal

Every employee who is authorized to bind the employer to a contract is an agent. True or False?

Do you think the Church or the mortgage holders should pay?

Requirements that an agent act in the principal’s best interests

Fiduciary duties are owed to the agent by the principal. True or False?

Create a factual scenario where the bailee’s duty of care is extraordinary care.