QuickHelper

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Teaching Since: May 2017
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  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Accounting Posted 07 Jun 2017 My Price 10.00

View the clip below and discuss the implications of agency

Question description

 

 

View the clip below, in which one person believes they are partners and the other believes it is an employer / employee relationship. Agents may bind the principal in a number of ways. When you are reviewing the video, consider whether the intentions / understanding of each party make a difference, and then respond to the discussion question below.

Clip - Agency - Richard Gere: You Work For Me (2012) (0:45)

As a small-business owner, you are faced with rising costs, particularly employment costs, insurance, et cetera. So, you decide to hire some friends and pay them as they work, rather than go through the expense and procedure of bringing in "actual" employees. Your friends wear the business uniform, deal with vendors and customers, and tell friends and family that they work for the business. One friend / employee orders way too much from a vendor. The vendor has dealt with the person numerous times; in fact, the person has been ordering from the vendor for months.

 

  • Since the person who ordered was not an "employee," but a friend you hired, are you liable to pay for the improper order?
  • Discuss the implications of agency that apply in this situation, and describe at least one (1) way the company may be able to cancel or return the order in question.
  • Be sure to support your legal analysis with concepts and definitions from the reading.

 

Note: Please make sure to read above instructions carefully, You are provided solution file as per above instructions. You can place a request for solution file by left side button.

 

Answers

QuickHelper
(10)
Status NEW Posted 07 Jun 2017 08:06 PM My Price 10.00

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