Quasi-agency: Difference between revisions

Latest revision as of 18:23, 18 February 2021

The basic principles of contract

Formation: capacity and authority · representation · misrepresentation · offer · acceptance · consideration · intention to create legal relations · agreement to agree · privity of contract oral vs written contract · principal · agent Interpretation and change: governing law · mistake · implied term · amendment · assignment · novation Performance: force majeure · promise · waiver · warranty · covenant · sovereign immunity · illegality · severability · good faith · commercially reasonable manner · commercial imperative · indemnity · guarantee Breach: breach · repudiation · causation · remoteness of damage · direct loss · consequential loss · foreseeability · damages · contractual negligence · process agent Remedies: damages · adequacy of damages ·equitable remedies · injunction · specific performance · limited recourse · rescission · estoppel · concurrent liability Not contracts: Restitution — quasi-contract — quasi-agency Index: Click ᐅ to expand: Contract Tort Restitution

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An American attempt to reconcile their pie-eyed notions of agency with the grim economic realities of equities brokerage. A riskless principal, they say, is a quasi-agent^[1].

Hey, just while I’ve got you hear let’s rehearse the scenarios of actual agency:

Here are the possible “undisclosed agency” scenarios at the time of contract:

Fully disclosed agency: Principal has appointed agent, agent has disclosed agency, agent has disclosed principal.
Undisclosed principal: Principal has appointed agent, agent has disclosed agency, agent has not disclosed principal.
Undisclosed agency: Principal has appointed agent, agent has not disclosed agency, agent has not disclosed principal.
Full principal: Principal has not appointed agent, agent has not disclosed agency, agent has not disclosed principal. (i.e., a fellow who claims ex post facto to have been an agent is better known as a “liar”).

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-an american attempt to reconcile their pie-eyed notions of [[agency]] with the grim economic realities of equities brokerage. A [[riskless principal]], they say, is a [[quasi-agent]]<ref>IT ISN’T.</ref>.
+{{a|contract|}}An [[US Attorney|American]] attempt to reconcile their pie-eyed notions of [[agency]] with the grim economic realities of equities [[Broker/dealer|brokerage]]. A [[riskless principal]], they say, is a [[quasi-agent]]<ref>IT ISN’T.</ref>.
-Just while I’ve got you hear let’s rehearse the scenarios of ''actual'' agency.
+Hey, just while I’ve got you hear let’s rehearse the scenarios of ''actual'' agency:
-{{agencydisclosurescenarios}}
+{{box|
-{{seealso}}
+{{agencydisclosurescenarios}}}}
+{{sa}}
 *[[Investment Advisers Act of 1940]]
 {{ref}}