Asked by AWebb Moran on May 26, 2024
Verified
Agency laws are relevant to which of the following relationships?
A) principal-agent
B) employer-employee
C) employer-independent contractor
D) principal-agent,employer-employee,and employer-independent contractor
E) principal-agent and employer-employee,but not employer-independent contractor
Principal-Agent
A relationship in which one entity (the agent) is authorized to perform actions or make decisions on behalf of another entity (the principal).
Employer-Independent Contractor
A non-employment relationship where an individual provides services to a business without being an employee.
Agency Laws
Regulations that govern the relationship between an agent, who acts on behalf of another, and the principal, for whom the agent acts.
- Determine the functions and commitments in the context of an agency relationship, specifically referring to principals and agents.
- Apprehend the legal and practical disparities between employees and independent contractors, together with their dissimilar legal outcomes.
Verified Answer
Learning Objectives
- Determine the functions and commitments in the context of an agency relationship, specifically referring to principals and agents.
- Apprehend the legal and practical disparities between employees and independent contractors, together with their dissimilar legal outcomes.
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