§1

Citation: §1
Parent Document: Patrick Blanks v. Fluor Corporation (2014)
Jurisdiction: Missouri (state)
Effective Date: 2014-06-17
Original Source: https://www.courtlistener.com/opinion/2678642/patrick-blanks-v-fluor-corporation/ ↗

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“Agency is the fiduciary relation which results from the manifestation of
          consent by one person to another that the other shall act on his behalf and
          subject to his control, and consent by the other so to act.” Restatement
          (Second) of Agency sec. 1 (1958); State ex rel. Elson v. Koehr, 856
          S.W.2d 57, 60 (Mo. 1993). The Restatement specifically states, “A
          corporation does not become an agent of another corporation merely
          because a majority of its voting shares is held by the other.” Restatement
          (Second) of Agency sec. 14M. Therefore, an agency relationship
          between a parent and its subsidiary may only be established if the
          elements of an agency relationship exist. Id. at sec. 14.

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