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What is Urban Bank v. Peña: Agency Compensation Case about?

1. Loadmasters Custom Services, Inc. filed a complaint against Glodel Brokerage Corporation and R&B Insurance Corporation to recover unpaid insurance premiums. Loadmasters alleged Glodel acted as its insurance broker and arranged insurance coverage through R&B. 2. The RTC ruled in favor of Loadmasters, finding an agency relationship between Glodel and R&B. The CA reversed, finding no evidence Glodel was authorized to act on behalf of R&B. 3. The Supreme Court affirmed the CA

Author

Mark Joseph

Language

EN