Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding.
Also, provide a graduate-level response to each of the following questions:
- Explain and analyze the duties owed by each party in an agent/principal relationship.
- What steps should an organization take to limit apparent authority that it does not intent to bestow on an agent?
Question I – Brandon installs sheds and storage buildings for Shedmax, LLC. Brandon must be at work each day by 8:00 a.m. and is off at 5:00 p.m. and is paid at a rate of $12/hour. Brandon uses tools provided by Shedmax to do his work. However, when Brandon is completing the installation process, he is often working alone. Is Brandon an employee of Shedmax or an independent contractor? Give a reasoning for your answer.
Question II – Flowers by Frida is a florist that operates in one county in Kentucky. Frida hires Frederick as an employee and presents a non-compete agreement, which states Frederick shall never open his own florist in Kentucky or in any state that boarders Kentucky. Is this non-compete agreement reasonable? Why or why not?