Types of Agency
-Expressed agency: Agency formed by making a written or oral agreement.
-Power of attorney: Document giving an agent authority to sign legal documents on behalf of the principal.
-Durable power of attorney: Power of attorney intended to continue to be effective or to take effect after the principal has become incapacitated.
-Agency by implied authority: Agency formed by implication through the conduct of the parties.
-Agency by estoppel: Agency formed when a principal leads a third party to believe that another individual serves as his or her agent but the principal had made no agreement with the so-called agent.
-Agency by ratification: Agency that exists when an individual misrepresents himself or herself as an agent for another party and the principal accepts or ratifies the unauthorized act.
