Legal theorists commonly say that the corporate structure (and most any form of business association) is rife with the potential for agency problems. This begs the question--what is an agency problem? This article explains what these problems are, how they arise, the various types of agency authority recognized under the law, and how agency issues could manifest themselves in your business (whatever corporate form it takes).
- Summary by FizzLaw Team
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Acting on Behalf of the Business? Are you liable?