Tort in Agency : (a) Independent Contractor (b) Scope of Authority
This lesson focuses on a tort relation, one where the agent harms the third party, giving the third party a tort claim. Our inquiry is on whether the third party can bring this claim against the principal and the related policy. The lesson is cognizant that this may be your first encounter with agency, a concept that serves as the foundation of business law.
The lesson also includes problems that address Coasean irrelevance (which is often known as the "Coase Theorem").