Dennegar's Liability

Agenda

• Review of Case
• Theory
• Conclusion

The Case

Agency Theory

• Agency theory is a principle that is used to explain and resolve issues in the relationship between business principals and their agents (Kopp 2020)

Principal-Agent Relationship

• The principal-agent relationship is an arrangement in which one entity legally appoints another to act on its behalf (Chen 2020)

Apparent Authority

• Apparent authority is a concept used in agency law that refers to the situation that arises when a principal, such as a corporation, indicates to a third party that an officer or agent is authorized to act on its behalf and the third party relies in good faith upon such authority. (US Legal N.D.)

Denneger and Knutson were in a Agency Relationship

Quote from trial

• Defendant states he allowed Knutson "to handle all the mail” and “left to [Knutson's] discretion to open [the mail] and to do with it as he chose.” (FindLaw 2007)

Facts
The Card Statements were considered mail and fell within reach of Knutson's responsibilities

Conclusion

References

• Kopp, C. (2020, July 12). Agency Theory. Retrieved August 01, 2020, from https://www.investopedia.com/terms/a/agencytheory.asp
• US Legal, I. (n.d.). Apparent Authority Law and Legal Definition. Retrieved August 01, 2020, from https://definitions.uslegal.com/a/apparent-authority/
• Chen, J. (2020, July 25). Principal-Agent Relationship. Retrieved August 01, 2020, from https://www.investopedia.com/terms/p/principal-agent-relationship.asp
• Find Law. (2007, July 17). FindLaw's Superior Court of New Jersey, Appellate Division case and opinions. Retrieved August 01, 2020, from https://caselaw.findlaw.com/nj-superior-court-appellate-division/1263011.ht...