Agency law-type of agency relationships

Assignment Help Business Management
Reference no: EM132692041

As a small-business owner, you are faced with rising costs, particularly employment costs, insurance, and the like. You decide to hire Leo, your good friend to save on these costs and insurance. Leo works for 6 months and wears the business shirt, deals with vendors and customers on the phone, and tells his family that he is the company's best employee. One day at lunch, Leo heads to 7-11 for a Slurpee and befriends the owner, Dan. Leo makes a deal with Dan to sell your product, Widgets, at the 7-11 in exchange for a free Slurpee every day. The store sells out of Widgets in one day and Dan calls to demand you restock because it is bringing in lots of customers.

Per the text reading, explain agency law and the three type of agency relationships that are created in the workplace. What is the relationship, if any, per agency law in the above scenario and is your company liable to restock the store? What is "scope of employment" and how is it applicable?

Identify and explain the Employment-at-Will Doctrine and all the possible exceptions to the Doctrine. Research a case in your home state of wrongful termination based on an exception in the last two years and explain the facts, the parties, their arguments, the law and the outcome of the case.

Reference no: EM132692041

Questions Cloud

Explain how an investor can use the capital structure : Explain how an investor can use the capital structure of a company, including the cost of that capital, to determine the value of assets in that company
Determine how much is the gain or loss on the sale : Find how much is the gain or loss on the sale if straight-line depreciation is used and the asset is sold for $56,200 on December 31, Year 3?
What potential problems can occur based on the findings : Sarah is a 69-year old female that presented to the emergency department with shortness of breath. Her past medical history includes heart failure and COPD.
What is b-b weighted-average cost of debt : $ 1,450,000, 5% bonds issued at par. If the market rate of interest averaged 4.5% during the year, what is B&B's weighted-average cost of debt?
Agency law-type of agency relationships : Per the text reading, explain agency law and the three type of agency relationships that are created in the workplace.
What is the adjusted amount of net asset : What is the adjusted amount of net asset should MOCHI CORP. report in its December 31, 2020 statement of financial position
How much is the gain or loss on disposal : On July 1, Year 4, the machine was sold for $20,000. How much is the gain or loss on disposal? Depreciation for the first six months of Year 4
How much revenue should b-b recognize during year one : B&B Contractors began a contract, How much revenue should B&B recognize during Year 1 if B&B uses the completed contract method?
Blending diverse workforce research : What challenges are prevalent in attempting to blend a diverse workforce? Why a business would benefit from a diverse workforce.

Reviews

Write a Review

Business Management Questions & Answers

  Best standards in business communication

Application of best practices for adapting to your audience using best standards in business communication.

  Somnio, a start-up running shoe company in california

Somnio, a start-up running shoe company in California, decided to start selling its products around the world from the very beginning.

  Relationship with her biological family

Jennifer, a widow, did not have a close relationship with her biological family and she and her husband had no children. Upon the passing of her husband, Nick, she executed a will that left her entire estate to various charitable organizations, in..

  Why do you think functional silos are not appropriate for

1. list the horizontal and vertical levels of systems that exist in organizations.2. describe at least five steps

  Feedback and staffing-key assessment for learning

Purpose: The purpose of this assignment is to evaluate staff and productivity standards and provide staff feedback. Assignment Description: As the coding manager, you have just conducted a productivity and accuracy audit of the five coders that rep..

  Detection and false alarm rate

When a comprehensive training set is available, a supervised anomaly detection technique can typically outperform an unsupervised anomaly technique

  Healthcare delivery systems

Read chapters 7 and 8. Answer the questions in your own words (typing sentences directly from your text is not accepted) and submit your document in the drop box. Substantive answers are necessary to receive full points for each question.

  Applying law and constitution to business

Choose an issue recently covered in the news faced by a business in the United States. Explain how the law and constitution were applied in the resolution.

  What risks and challenges does zappos face

What risks and challenges does Zappos face in implementing holacracy - Overall what do you think the chances are of holacracy succeeding at Zappos?

  Mastering change management - article on change management

Mastering Change Management - Article on Change Management - Write a summary of the article by identifying and explaining the author's idea and perspective

  Determine whether widgets are a normal or inferior good

Determine whether widgets are a normal or inferior good, and whether widgets and wodgets are substitutes or complements.

  Considered in selecting building contractor

What factors should be considered in selecting a building contractor? What can go wrong if the lowest bid is selected and nothing else is considered?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd