Exam 25: Principal-Agent, Employer-Employee, and Third-Party Relationships
Exam 1: Foundations of Law and the Role of Ethics in Business50 Questions
Exam 2: The Legal System in the United States and Its Constitutional Foundation50 Questions
Exam 3: Personal, Business, and Cyber Crimes and the American Criminal Justice System49 Questions
Exam 4: Tort Law: Traditional Torts and Cyber Torts50 Questions
Exam 5: Litigation and Alternatives for Settling Civil Disputes50 Questions
Exam 6: Contract Law: a Beginning49 Questions
Exam 7: Agreement: Offer and Acceptance50 Questions
Exam 8: Consideration50 Questions
Exam 9: Capacity50 Questions
Exam 10: Legality50 Questions
Exam 11: Memorialize Contracts in Writingstatute of Frauds50 Questions
Exam 12: Transfer of Contract Rights and Duties50 Questions
Exam 13: The Termination of Contracts: Discharge50 Questions
Exam 14: The Termination of Contracts: Breach of Contract50 Questions
Exam 15: Formation of Sales and Lease Contracts50 Questions
Exam 16: The Sales Contract: Transfer of Title and Risk of Loss49 Questions
Exam 17: The Sales Contract: Performance, Breach, and Remedies for Breach50 Questions
Exam 18: Product Liability Law50 Questions
Exam 19: Nature and Types of Negotiable Instruments50 Questions
Exam 20: Issue, Transfer, Indorsement, and Discharge of Negotiable Instruments50 Questions
Exam 21: Rights and Duties of Parties50 Questions
Exam 22: Checks and the Banking System in the Twenty-First Century50 Questions
Exam 23: Employer-Employee Relationship50 Questions
Exam 24: Principal-Agent Relationship50 Questions
Exam 25: Principal-Agent, Employer-Employee, and Third-Party Relationships50 Questions
Exam 26: Sole Proprietorships, Partnerships, and Limited Liability Organizations50 Questions
Exam 27: Corporations and Franchising50 Questions
Exam 28: Government Regulation of Business50 Questions
Exam 29: Basic Legal Concepts of Property50 Questions
Exam 30: Renting Real Property50 Questions
Exam 31: Buying and Selling Real Property50 Questions
Exam 32: Nature and Types of Bailments50 Questions
Exam 33: Wills, Intestacy, and Estate Planning50 Questions
Exam 34: Protecting the Consumer and the Taxpayer50 Questions
Exam 35: Protecting the Borrower48 Questions
Exam 36: Protecting the Creditor50 Questions
Exam 37: Property, Casualty and Automobile Insurance50 Questions
Exam 38: Personal Insurance50 Questions
Select questions type
Express authority must be in writing to be effective.
Free
(True/False)
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Correct Answer:
False
An agent may be personally liable to third parties on a contract if
Free
(Multiple Choice)
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Correct Answer:
D
Even if he or she neglects to sign the principal's name on a contract, an agent is not liable on the contract.
Free
(True/False)
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Correct Answer:
False
The principal usually lists in writing all of the agent's duties.
(True/False)
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If the agent does not tell third parties that he or she is an agent, the principal is said to be ____________________.
(Short Answer)
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If a third party learns the identity of an undisclosed principal the
(Multiple Choice)
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A principal is liable to third parties for ____________________ committed by the agent while acting within the scope of the agency.
(Short Answer)
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A principal may be held liable to third parties for torts committed by an agent if the
(Multiple Choice)
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An agent's implied authority is set out in the agency agreement.
(True/False)
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An agent is liable on a contract if the agent signs the principal's name.
(True/False)
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A power of attorney is an example of ____________________ authority.
(Short Answer)
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Crenner, an agent of Alden, injured Bliss through her negligence. Bliss may sue
(Multiple Choice)
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The extent of the agent's duties while carrying out the principal's business is the ____________________.
(Short Answer)
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Blair, an agent of Curtis, smashed the windows of Arlen's car on purpose.
(Multiple Choice)
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A principal whose identity is fully revealed to all parties is a(n)
(Multiple Choice)
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Blair hired Towner to sell Blair's car at auction. On the way to the auction, Towner hit a pedestrian, Green, at an intersection. Can Green recover from Blair?
(Essay)
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