Exam 25: Principal-Agent, Employer-Employee, and Third-Party Relationships

If a principal authorizes an agent to buy a tractor for $10,000, this is an example of

An agent is liable if he or she acts for an undisclosed principal.

Without authority, Moss falsely represented himself as Buck's agent and contracted to buy goods from Early. Buck refused to accept them. Could Early hold Buck liable?

____________________ refers to the extent of the agent's authority to carry out the principal's business.

If an agent intentionally commits assault and battery, only the ____________________ is liable.

Rice hired Carter, a real estate broker, to buy a certain piece of land from King for $25,000. Carter signed a contract agreeing to pay King $30,000. When Rice heard, she refused to go through with the contract. What action can King take?

A principal is not liable for ____________________ committed by an agent.

An agent's authority to act in an emergency is a type of

A principal who ratifies an unauthorized contract is bound by its terms.

Russ, a salesperson in a clothing store, got into an argument with a customer. He struck and injured the customer, who required hospital treatment. Is the owner of the clothing store liable for the customer's injuries?