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Presentation/PPT
27/08/2022
1.when determining whether an agent has apparent authority, the focus is on
words or conduct by the
principal directed to the third party
the third party’s subjective beliefexpress instructions given by the principal to the agentwords or conduct by the agent directed to the third party
2.Jenna hires Ralph serve as her agent to purchase commercial property on her behalf. Jenna instructs Ralph to not agree to more than $250000 for any property, Jenna and Ralph agree the agency will last 6 months and Ralph will receive a lump sum of $5000 if a purchase is completed . in this example , Ralph’s authority in the agency relationship is
actual and implied
apparent and implied
actual and express
apparent and express
3.Peter hires Brian and tells Brian that he has the authority to make purchases for Peter’s company in this case, Brian is
the third party
the principal
not an agent since there is no mention of payment
an agent
4.which of the following is the heaviest weighted factor in determining whether is an employee or independent contractor?
the manner in which the worker is paid
the degree of control the hiring party exercises over the means by which the work is accomplished
how long it will take the worker to complete the work
whether the hiring party classifies the worker as an employee or independent contractor
5.an agent who accepts a kickback from a third party has breached
no duty as long as the agent would have contracted with the third party anyway
his/her duty of obedience
his/her fiduciary duty to the third party
his/her fiduciary duty to the principal
6.Which of the agent’s duty continues after the agency ends?
care
obedience
notification
confidentiality
7.which agent authority can potentially continue after the agency relationship ends?
express and implied
implied
express
apparent
8.which of the following is a principal’s duty to an agent
reimbursement
segregation
confidentially
9.which of the following terminates an agency relationship through operation of law
revocation (by the principal) or renunciation(by the agent)
the specified result of the agency has been accomplished
the principal or the agent has learned the other has died
mutual agreement between principal and agent to terminate the agency
10.which of the following is true of an agent who terminates the agency relationship in violation of the agency agreement( ie… wrongfully)? the agent has
The writer is very fast, professional and responded to the review request fast also. Thank you.
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