Business law

1. It is often difficult for a third party to distinguish between an agent and an employee. Are there times when it is important to distinguish between the two? Should there be a clear identification system established? Why/Why not? 2. Differerentiate between the principal-agent and employer- employee relationships. Give examples of each. 3. Explain how an agency may be terminated. In some states, an agent's contracts may be voided if he or she is acting for a principal who is a minor. Is this fair to a third party with whome the contract is signed