Lesson Plan for Senior Secondary 3 - Commerce - Law Of Agency

### Lesson Plan: Law of Agency #### Level: Senior Secondary 3 #### Subject: Commerce #### Duration: 60 minutes #### Topic: Law of Agency --- #### Objectives: By the end of this lesson, students will be able to: 1. Define and explain the concept of agency. 2. Identify the different types of agents and their authority. 3. Understand the duties and rights of both the agent and the principal. 4. Discuss the termination of an agency relationship. --- #### Materials Needed: - Whiteboard and markers - Projector and computer - PowerPoint presentation - Handouts with key points and case studies - Textbooks or reference materials - Notebooks and pens --- #### Lesson Structure: **Introduction (10 minutes)** 1. **Greeting and Roll Call:** - Greet the students and take attendance. 2. **Introduction to the Topic:** - Start by asking students what they know about the term "agency" and how it may relate to commerce. - Present the objectives of the lesson. **Main Content (30 minutes)** 1. **Definition and Concept of Agency:** - Define agency as a relationship between two parties, where one, the agent, is authorized to act on behalf of the other, the principal, in business transactions. 2. **Types of Agents:** - Explain the different types of agents with examples: - General Agent - Special Agent - Sub-Agent - Broker - Commission Agent - Discuss the scope of authority for each type. 3. **Duties and Rights of Agents and Principals:** - **Duties of Agents:** - Duty to act within the scope of authority - Duty of loyalty and good faith - Duty to account - Duty to avoid conflict of interest - **Rights of Agents:** - Right to remuneration - Right to indemnity and reimbursement - **Duties of Principals:** - Duty to compensate and indemnify - Duty to cooperate - **Rights of Principals:** - Right to control and direct - Right to receive account of dealings 4. **Termination of Agency:** - How and why an agency relationship may be terminated: - By mutual agreement - By fulfillment of the agency's purpose - By lapse of time - By revocation or renunciation - By the death or incapacity of either the principal or agent **Interactive Activity (15 minutes)** 1. **Case Study Analysis:** - Divide students into small groups. - Provide each group with a case study related to the law of agency. - Ask the groups to identify the type of agent, discuss the duties and rights involved, and determine how the agency relationship could be terminated. - Request one representative from each group to present their findings. 2. **Q&A Session:** - Open the floor for questions from the students. - Clarify any doubts or provide further explanations as needed. **Conclusion (5 minutes)** 1. **Review and Recap:** - Summarize the main points discussed during the lesson. - Reinforce the importance of understanding the law of agency in commerce. 2. **Assignment:** - Assign a homework task to write a short essay on the significance of the law of agency in modern business. 3. **Feedback:** - Ask students to share what they found most interesting or any lingering questions they might have. --- #### Assessment: - Monitor students' participation in discussions and group activities. - Evaluate the case study analysis presentation. - Review the homework essays to assess understanding and the ability to apply concepts. --- #### Notes: - Ensure to cover any specific local legal aspects of agency if they differ from the general laws discussed. - Tailor the cases used in the Interactive Activity to fit the cultural and economic context of the students. --- ### Reference: - Textbooks on commercial law and business studies. - Relevant legislative documents if available. - Online educational resources and legal databases.