Bul 3310 fsu woodyard - Study guides, Class notes & Summaries

Renunciation of Authority - ️️The act by which a person abandons a right acquired without transferring it to another. Employee - ️️One who works for another under an express or implied contract. The employer has control over the conduct of the employee Actual Authority - ️️Authority an agent actually possesses. Maybe expressed or implied. Agency - ️️Relations in which one person, the agent, acts on behalf of another, the principal. Agency by Estoppel or Apparent Authority...

Renunciation of Authority - ️️The act by which a person abandons a right acquired without transferring it to another. Power of Attorney - ️️An instrument by which one person appoints another as his agent and confers upon him the authority to perform certain specified acts on behalf of the principal. Power revoked at death. Actual Authority - ️️Authority an agent actually possesses. Maybe expressed or implied. Agency - ️️Relations in which one person, the agent, acts on beh...

Minimum contacts - ️️used to determine when it is appropriate for a court in one state to assert personal jurisdiction over a defendant from another state (ex. someone in Washington suing Disney) Strict scrutiny, intermediate scrutiny, rational basis - ️️SS: strictest test to see if a law was passed to further a compelling governmental interest, IS: challenged law must further an important government interest by substantial means, RB: courts will uphold a law if it is rationally re...

Actual Authority  Authority an agent actually possesses. Maybe expressed or implied. Agency  Relations in which one person, the agent, acts on behalf of another, the principal. Agency by Estoppel or Apparent Authority  Arises where an agent has no actual authority, but the principal leads third parties to believe the agent may act on his behalf. Agent  One who acts for the benefit of another. Disclosed Principal  If the parties have notice they are working for an agent ...

LLC  Limited liability company, has members not shareholders, files taxes but doesn't pay them, most popular form of company Common Law- by who, what, when, why  England 1066 by King William to combine all types of law in the country Major 3 Legal Systems  Common law, civil code, religious Judicial Review  the ability of the supreme court to determine the constitutionality of laws State Action  state must use due process to take away rights, only applies to states an...