Agency, Partnership, and the LLC in a Nutshell
Rights and Duties Between Principal and Agent, Partners, and Members of an LLC; Vicarious Tort Liability; Express, Implied and Apparent Authority; Inherent Agency Power; Undisclosed Principal; Ratification; Notice, Notification, Imputed Knowledge; Termination of Authority; Partnership Formation, Operation and Termination; Fiduciary Duties Among Partners; Right to an Accounting; Creditors' Rights Against Partners and the Partnership; Dissociation and Dissolution; Winding-Up; Liquidation. Limited Partnership and the LLC: Creation, Operation and Dissolution.
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The Agency Relationship
Am Jur Trials 267 Negligent Hiring and Reten
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action agency relationship agent for service agree amended apparent authority apply articles of organization assets certificate claim common law company's business conduct consent continuing the business contract corporation court creditors debts dissociated partner dissolved distributional interest duty of loyalty effective date employee estoppel existence fiduciary duties filed firm foreign limited liability indemnity issue law of agency limited liability company limited liability partnership limited partner limited partnership ment merger nership notice notification obligations operating agreement otherwise owners partner's dissociation partner's interest partner's right partnership agreement partnership business partnership or limited partnership property party payment personally liable plaintiff principal profits purchase ratification reasonable receive record respondeat superior rule RULPA RUPA Secretary Section service of process ship specified statement statute surviving entity term termination tion tort transact business transfer trust ULLCA undisclosed principal Uniform Partnership Act unless vicarious liability