LAW 7507 - Agency and Partnership

This course covers the law of agency and unincorporated business entities. The course will explore the definition and nature of a principal-agent relationship; the rights and duties of principals and agents; the scope of agents’ actual and apparent authority; the liability of disclosed and undisclosed principals for agents’ acts; agent fiduciary duties; third party rights and remedies; employer-employee and independent contractor relationships. The course also addresses the nature of unincorporated business entities, including general and limited partnerships, limited liability partnerships, and limited liability companies. Students will study statutory and case law discussing the formation, operation, and management of these entities, and students will learn the basic internal/external rights, powers, duties, and liabilities of the entity members vis-à-vis one another and vis-à-vis outside third parties. This course is an approved elective for the Business Law certificate. Letter grade. 3 credits