2 Case Study for Business Law

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Business Finance

Description

Case Study 1

Aker has been Potter’s sales agent for 20 years and has dealt with about 200 customers during that time. Potter fires Aker, terminating the agency. None of the 200 customers have heard about the termination.

  • What steps must Potter take to protect himself from potential liability from customers and Aker?
Case Study 2

Pete Principal instructs Al Agent, his employee, to repossess some property owned by Ted Turner. Al knows that the repossession is illegal but performs it anyway.

Discuss all aspects of the potential liability in this case. Consider the following when writing this essay:

  • Agency Law and the right of third parties
  • The relationship between the principal and the agent and the authority conferred upon the agent by the principal

Please answer in two seperate essays.

No more than a page and half each

will be submitted in turnit

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Explanation & Answer

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Running head: BUSINESS LAW

1

Business Law
Institution Affiliation
Instructor’s Name
Student’s Name
Course Code
Date

2

BUSINESS LAW
Business Law
Case 2
From the business law, it is also ways to provide that the principal have some duties to
their third party so is the agents. Once the agent has been given a task to perform the principal
should supervise it to check whether the activities are as anticipated their fore this makes the
principal responsible for the actions of their agents should the principal be negligent

(Zeckhauser, 1999). The principal, therefore, mandates the agent on what to do. An agent should
always act in the interest of their principal and perform any duty that the principal has ordered
them to. In this case, Pete ordered his agent Al to repossess property from Ted this was illegal
however the agent went ahead to do it. In this case, there is the liability of the parties involved,
especially the principal. Unless the applied decree delivers otherwise, an actor remains topic to
obligation to the third party even though the actor acted as an agent or a worker with actual or
deceptive expert or even within the opportunity of e...


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