Dennegar Liability

Heading 1: Overview

Overview

• First, the credit card, which was opened in Lee Dennegar's name, declares an action curious and places Mr.Dennegar as the original suspect. This card was activated in February 2001, and all declarations and activities were carried out through AT&T Universal. Mark Knutson is reportedly in charge of the deal with Dennegar to conduct his financial affairs. The company now appears as the main body to claim back the money spent on this card by the manager.

Mr. Dennegar knew little about this or the credit card activated in his name. With this card, purchases were made; later, Mark Knutson died, and so automatically, Mr. Dennegar was held as the primary manager. The problem is that he had no idea about all this and should not be held guilty. The company blames Mr. Dennegar for giving his full consent to Mark Knutson, who trusted him and did not even imagine this would happen.

Heading 2: Principals and Agency Law

The Law of the Service, which is related between the agent and the principal, is a detailed case that needs to be resolved without our concern about how many types of agents exist. The general agent is the key person with the full authority to perform any action instead of the principal. On the other hand, the special agent will carry out an act in which they are entrusted with and without complete freedom.

On the substance, we are talking about a case between the principal and the agent, without transparency of the agreement or some obvious registration with a third person, without affecting the law and any law. Mr. Dennegar Unfortunately, had the impression that Mark Knutson was taking action consistently, effectively, and without risk (Talentlyft.com, 2023).

Heading 3: Types of People with Power

There are different types of authority regarding agency law: implied, expressed, and apparent. Implied authority occurs when an agent has the authority to act on behalf of a principal and make decisions reasonably necessary to benefit the principal. Express authority occurs when a principal permits an agent through oral, written, partly oral, and partly written consent, allowing them to take care of the principal's needs reasonably. Apparent authority occurs when a principal is liable for the actions of an agent who deals with third parties and operates under implied or express authority (Mcmahonsolicitors. i.e., 2023).

Mr. Dennegar allowed Mark Knutson the authority of implied authority, where the agent acts on behalf of the principal to perform necessary transactions to take care of business affairs. Although Knutson was given implied authority per their agreement, it is more that he took on the role of apparent authority when he opened and used a credit card in the name of Mr. Dennegar. Apparent authority allows the agent to act legally on the principal's behalf, which could legally affect the principal's rights.

Heading 3: What is the situation with Dennegar and NCFS?

situation with Dennegar and NCFS

• Based on the principal's contractual liability, the principal should have given Mark the authority to act as if he were Mr. Dennegar, and that it was also notified to a third party based on a right granted by Mr. Dennegar to Knutson to be his right hand or agent, but also to act with every authority in the financial and affairs of the principal, so he is liable as a principal in the case regardless of whether he knew what had happened

situation with Dennegar and NCFS

• Due to this action, Mr. Dennegar is responsible for the card and the basis of the law. The final result is that full power was given and every right was given to Knutson, even if not ignorant of Mr. Dennegar, and by tacit agreement. (2012books.Lardbucket.org, 2023).

Heading 4: Conclusion

Conclusion

• Ultimately, due to Agency Law, Mr. Dennegar is responsible for crediting $14752.93 to New Century Financial Services. This act is regarded as Mr. Dennegar's negligence related to the credit card and all his statements by secret agreement with Mark Knutson, who was responsible for all financial affairs and even the credit card (coursesidekick.com, 2023).

Conclusion

• During the trial, it became known that the failure to examine all the statements made by Mr. Dennegar, perhaps they were revealing an act of fraudulent intent and with the purpose of crime or fraud, left no room for him to be held responsible for the case.

REFERENCE LIST

• TalentLyft. (n.d.). What is General Agent? Recruiting and Hiring Resources. https://www.talentlyft.com/en/resources/what-is-general-agent#:~:text=Gener....
• McMahon, P. (2021, March 21). Express Authority. Thompson Round Hall. https://mcmahonsolicitors.ie/express-authority/

REFERENCE LIST

• Liability of Principal and Agent; Termination of Agency. (n.d.). https://2012books.lardbucket.org/books/the-legal-environment-and-business-l...
• Course Sidekick. (n.d.). https://www.coursesidekick.com/law/study-guides/masterybusinesslaw/introduc...