View the clip below and discuss the implications of agency that apply in this situation, business and finance homework help

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View the clip below, in which one person believes they are partners
and the other believes it is an employer / employee relationship. Agents
may bind the principal in a number of ways. When you are reviewing the
video, consider whether the intentions / understanding of each party
make a difference, and then respond to the discussion question below.

Clip – Agency – Richard Gere: You Work For Me (2012) (0:45)

As a small-business owner, you are faced with rising costs,
particularly employment costs, insurance, et cetera. So, you decide to
hire some friends and pay them as they work, rather than go through the
expense and procedure of bringing in “actual” employees. Your friends
wear the business uniform, deal with vendors and customers, and tell
friends and family that they work for the business. One friend /
employee orders way too much from a vendor. The vendor has dealt with
the person numerous times; in fact, the person has been ordering from
the vendor for months.

  • Since the person who ordered was not an “employee,” but a friend you hired, are you liable to pay for the improper order?
  • Discuss the implications of agency that apply in this situation, and
    describe at least one (1) way the company may be able to cancel or
    return the order in question.
  • Be sure to support your legal analysis with concepts and definitions from the reading.

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