Risk in Sale on Approval and Sale or Return Contract CPA Exam REG

Agency Law course, in this course delves into the legal framework governing relationships where one party (the agent) acts on behalf of another (the principal), undertaking tasks or making decisions within defined parameters. Throughout this course, we explore the intricacies of Agency Law, covering topics such as the creation and termination of agency relationships, the authority and duties of agents, and the liability implications for principals and agents. We examine the various types of authority agents may possess, including actual, apparent, and implied authority, as well as the responsibilities agents owe to their principals. Additionally, we delve into the concept of vicarious liability, where principals may be held accountable for the actions of their agents, and explore defenses available to both principals and agents in cases of alleged wrongdoing. By analyzing real-world scenarios and legal precedents, students gain a comprehensive understanding of the rights, obligations, and liabilities inherent in agency relationships. Ultimately, this course equips learners with the knowledge and analytical skills necessary to navigate the complexities of Agency Law effectively.