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The principal–agent problem typically arises where the two parties have different interests and asymmetric information (the agent having more information), such that the principal cannot directly ensure that the agent is always acting in the principal's best interest, particularly when activities that are useful to the principal are costly to ...
Castillo v. Case Farms of Ohio, 96 F. Supp. 2d 578 (W.D. Tex. 1999), is a case involving poor working conditions for migratory workers.It established that a principal / agent relationship existed between Case Farms and America's Tempcorps (ATC) that allowed Case Farms to be liable for its agent's actions.
The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, who is authorized to act on behalf of another (called the principal) to create legal relations with a third party. [1]
In agency law, an undisclosed principal is a person who uses an agent for negotiations with a third party who has no knowledge of the identity of the agent's principal. Often in such situations, the agent pretends to be acting for themselves. As a result, the third party does not know to look to the real principal in a dispute. [1]
The multiple principal problem, also known as the common agency problem, the multiple accountabilities problem, or the problem of serving two masters, is an extension of the principal-agent problem that explains problems that can occur when one person or entity acts on behalf of multiple other persons or entities. [1]
Gina Ford, Zion Williamson’s one-time marketing agent, sought $100,000 in damages in 2019 after the former Duke and current NBA basketball player left her to sign with CAA.
For decades, budget disputes have served as proxy battles for deeper ideological divides. Whether it was the government shutdowns of the 1990s, the debt ceiling standoffs of the Obama years (and ...
In commercial law, a principal is a person, legal or natural, who authorizes an agent to act to create one or more legal relationships with a third party.This branch of law is called agency and relies on the common law proposition qui facit per alium, facit per se (from Latin: "he who acts through another, acts personally").