Research Handbook on Agency and Intermediation

Edited by Deborah A. DeMott, Duke University School of Law, US and Tan Cheng-Han, National University of Singapore

• ContentsPART I INTRODUCTION1 Introduction 2Deborah A. DeMott and Tan Cheng Han2 An overview of agency doctrine 16Deborah A. DeMott and Tan Cheng HanPART II CORE AREAS OF DOCTRINE3 Some problems about principals 33Francis Reynolds4 Policy underpinnings of the law of agency 51Tan Cheng Han5 Authority and legal powers in the law of agency 69James Penner6 Forfeiture of an agent’s commission for breach of duty: a Scottish perspective 86Laura Macgregor7 When do agents have a privilege and even a duty not to follow instructions? 112Peter WattsPART III MARKETS AND THEIR INTERMEDIARIES8 Advisors as agents 130Arthur B. Laby9 Retail investors and capital markets intermediation 153James Fallows Tierney10 If they cry? Agency costs and opportunistic sales practices by securities professionals 176Donald C. Langevoort11 The changing notions of financial intermediaries as agents: the role of regulatory governance in the UK 197Iris H.-Y. Chiu12 Independent expert body? A case study of FINRA’s self-regulatory role 219James A. Fanto13 The art dealer as intermediary 242William E. Foster and Anna Nolan-Wheatley14 When sleepers awake: sellers’ regret and art-market intermediaries 267Deborah A. DeMott15 Insurance as asset management 288Colleen Honigsberg and Edwin HuPART IV VICARIOUS LIABILITY16 A principal’s liability for the wrongful acts of its agents 309Rachel Leow17 Vicarious liability: a systems-managerial approac 334Christian Witting18 Attribution and aggregation: problems in criminal agency liability 359Samuel W. Buell19 Theories of principal tort liability in the U.S. Supreme Court 372Daniel HarrisPART V FIRMS AND THEIR BOUNDARIES: INTERNAL AND EXTERNAL AGENCY RELATIONSHIPS20 Cross-selling gatekeepers 392Omari Scott Simmons21 Commercial agency and the sale of goods: unnecessary complications 419Howard Bennett22 Intermediaries: the data linchpins of human rights due diligence 440Lisa Hsin and Ernest Lim23 The liability of Internet platform intermediaries 460Daniel Seng