Exam 32: Liability to Third Parties and Termination

For an agent's implied authority to be effective, a principal must confirm it in writing.

Supplies Company requires its customers to pay by check. Tylo, a Supplies driver, tells customers on her route that they can pay her with cash. When Supplies learns of Tylo's collections, it takes no action to stop it. Tylo steals some of the cash. Supplies may suffer the loss under the doc?trine of

Rupert, an agent for Star Productions, Inc., enters into an unauthorized contract with Trucking Corporation purportedly on behalf of Star, which refuses to perform. Rupert is liable

Omar hires Petra, a real estate broker, to act as his agent to sell his land for $150,000. Oil is discovered beneath the land, causing its market value to in?crease considerably. The agency agreement is likely