Lesson: Lack of Enforceable Agency Relationship

In this lesson, Nick Palazzolo, CPA, unpacks the intricacies of agency relationships and the circumstances under which they may be deemed unenforceable, detailing the overlap with contract law. He explains that relationships contrary to public policy, engaged in illegal activities, or involving parties lacking legal capacity fall into this category. Nick also delves into the implications of fraud, misrepresentation, coercion, or pressure in forming an agency relationship. Moreover, he discusses how even the violation of professional or ethical standards can render such agreements void. With vivid illustrative examples, including historical anecdotes, Nick brings clarity to these complex legal concepts, enabling a grasp of what constitutes an enforceable agency relationship.