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Agency Creation

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AGENCY FORMATION What is an agency relationship?

Relationship in which P and A agree that A will act on Ps behalf and subject to Ps control.
R2d 1(1): Agency is the fiduciary relation which results from the manifestation of consent (consent!) by one person to another that the other shall act on his behalf (benefit!) and subject to his control (control!) and consent by the other so to act. R3d 1.01: Agency is fiduciary relationship that arises when one person (P) manifests assent (consent!) to another person (A) that the agency shall act on the principles behalf (benefit!) and subject to the principals control (control!) and the agency manifests assent or otherwise consents so to act.

Control

Conesnt

Benefit

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