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Agency law allows employees to write legal documents, checks, and write agreements for the company. Without agency law the company would not be able to function because to grow a company you need to have employees or agents to act on the company best interest. One person can run a shop, but having 20 shops, you need several agents to write payroll checks, hire and fire employees, and set up contracts with vendors. When acting as a agent, you are to do whats best for the company. If you told your agent to demolish one of your old facilities, and the building fell on a house next to it, you would not hold the person liable. The company, you, are liable. He works for you, he is your agent. He was acting in the best interest of the company, and an accident happen. On the other hand, if the agent what under the influence of alcohol, then you could hold him personally responsible. At that point the agent was not acting in the best interest of the company.
What else can I help you with?
What type of agency relationship exist within a corporation?
what agency relationship exists in a corporation?
Where can one find information about DICO?
DICO stands for Deposit Insurance Corporation of Ontario. This agency has been in existence since 1994, providing a full line of banking and investment options.
Agency relationship exist in corporations?
what agency relationship exists within a corporation
What Agency responsible for its existence of the internet?
defense
Who is the Agency of record for kraft foods?
Meredith Corporation
What are agency problems and why do they exist within a corporation?
thavin
According to the agency problem what represents the principle of a corporation?
Shareholders
What corporation represents NASA?
NASA is the National (US) Aeronautics and Space Administration. It's a government agency, not a corporation.
What would be an advantage and disadvantage of incorporation limited liabilibyt continuous existence lack of mutual agency or double taxation?
limited liability because although its an advantage of incorporation, it can also be a disadvantage. It restricts the ability of a small corporation to borrow money.
What federal agency begins with a p?
Pension Benefit Guaranty Corporation (PBGC) is a federal agency. It begins with the letter P.
Can a principal deny the existence of an agency relationship whenever it suits his or her purpose?
No.
The agency that loaned money to failing companies and banks?
reconstruction finance corporation
