Creation Flashcards
1
Q
Creation
A
agency created when principal manifest intent that agent act on his behalf & be subject to his control
2
Q
Creation Elements
A
ABC
Assent: Agent & Principal must manifest assent thru words/conduct
Benefit: A agrees to work on behalf of P & for P’s benefit
Control: A’s actions subject to P’s control
3
Q
Formalities
A
No consideration required; many states require writing if relates to interest in real property
4
Q
Parties
A
P: anyone w/ capacity to possess rights/incur obligations
A: only minimal capacity required
