Law & Risk Management > Chapter 2 > Flashcards

Chapter 2 Flashcards

Types of owners and employment relationships (4 cards)

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1
Q

Dual agency

A
  • Acting for 1 or more principals

- Can occur when all principals are made aware and consent

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2
Q

LLC liability

A
  • Members not liable for LLC obligations
  • Can be managed by any number of members, or non members
  • Transferability rights are freely transferable; voting rights need partner consents
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3
Q

Quid pro quo

A
  • Sexual demands become condition of employment
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4
Q

Hostile environment

A

Sexual conduct has an effect on person’s performance or creates offensive work environment

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