Exam 28: Relationship of Principal and Agent

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Harold, a painter, contracts to paint a portrait of Irene. However, he has one of his students do the actual work. This is a proper delegation of authority to an agent.

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In some states, the authority of an agent to sell land must be in writing and signed by the principal.

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Discuss the nature of agency, including the scope of agency purposes.

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Agents and principals have mutual fiduciary duties to one another.

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