What does the "law of agency" govern?

The "law of agency" governs the relationship between agents and principals, which is fundamental in understanding how individuals or entities (the principals) authorize others (the agents) to act on their behalf. This legal framework is crucial as it delineates the duties, rights, and liabilities each party holds within this relationship.

In an agency relationship, the agent is empowered to make decisions and take actions that legally bind the principal, thus establishing a system of trust and accountability. Essential elements of this relationship include the consent of the principal, the ability of the agent to act on behalf of the principal, and the scope of authority granted to the agent. Understanding these dynamics is vital in various legal contexts, such as business transactions, employment law, and contractual obligations, where the agency relationship often plays a critical role.

The other options do not pertain to the law of agency. The responsibilities of witnesses in a trial relate to evidentiary processes rather than agency relationships. Jury selection involves understanding the composition and selection of juries and is governed by different legal principles. The management of legal documents and filings pertains to administrative law rather than the interactive dynamics between agents and principals. Thus, the relationship characterized by agents and principals represents the core focus of the law of agency.