Agency. Chapter 17. Agency. Relationship between two parties in which one party (agent) agrees to represent or act on behalf of another party (principal) Examples: employer-employee independent contractor. Agency.
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A fiduciary relationship that results when principal authorizes or consents to allow an agent to act on his or her behalf.
fiduciary – a person acting for the benefit of another, a duty of trust and confidence
(Statutory Durable Power of Attorney
End of Chapter 17