Sierra is the owner of a small company that sells handmade crafts online. She decides to hire
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Question:
1. What is agency law?
2. Who is the principal in this scenario? Who is the agent?
3. What type of agency relationship exists between Sierra and Toby?
4. Did Toby have the authority to make the sale to Sierra's customer?
5. What are the consequences of Toby's failure to inform Sierra about the sale?
6. What are Sierra's legal options in this situation? When considering legal options, think about what you learned in earlier modules (e.g., dispute resolution, contracts law, etc.)
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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