Liability of Principal and Agent; Termination of Agency
Read this chapter to learn about the agent's duty to the principal (fiduciary and general) and the principal's duty to the agent (contract and tort).
Learning Objectives
After reading this chapter, you should understand the following:
- The principal's liability in contract
- The principal's liability in tort
- The principal's criminal liability
- The agent's personal liability in tort and contract
- How agency relationships are terminated
This text was adapted by Saylor Academy under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work's original creator or licensor.