Business Law Chapter 33 1 which of the following types of agency occurs when a principal leads a third

subject Type Homework Help
subject Pages 14
subject Words 1026
subject Authors Carrie Williamson, Daniel Herron, Linda Barkacs, Lucien Dhooge, M. Neil Browne, Nancy Kubasek

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page-pf1
1.
(p. 728)
Agency law is primarily federal law.
2.
(p. 728)
An agency relationship may be created only for a lawful purpose.
page-pf2
3.
(p. 728)
An individual who lacks contractual capacity may hire an agent to make contracts on his
or her behalf.
4.
(p. 730)
A durable power of attorney is legally binding after the principal becomes incapacitated.
page-pf3
5.
(p. 729)
A gratuitous agent is one who acts without consideration.
6.
(p. 734)
All employees are agents of their employers, and all agents are employees.
page-pf4
7.
(p. 738)
While an agent owes duties to a principal, the principal owes no duties to an agent.
8.
(p. 740)
If an agent breaches duties owed to the principal, the principal can sue the agent; and
the principal may be entitled to a variety of contract and tort remedies beyond those stated in the
contract between the principal and agent.
page-pf5
9.
(p. 740)
The law assumes that the principal is only aware of information actually provided to the
principal by the agent.
10.
(p. 738)
Agents may have contract remedies available against a principal, but not tort remedies.
page-pf6
11.
(p. 742)
Agents in Australia are obligated to act personally on behalf of the principal.
page-pf7
12.
(p. 733)
Which of the following was the result in
Ackerman v. Sobol Family Partnership
,
LLP
the
case in the text involving whether the plaintiffs were bound by representations of their attorney
regarding settlement that they had not approved?
page-pf8
13.
(p. 739)
Which of the following was the result in
Ralph T. Leonard v. Jerry D. McMorris
, the case
in the text involving whether under the Colorado Wage Claim Act, company executives of a
bankrupt company were liable to employees for unpaid wages and benefits?
page-pf9
14.
(p. 728)
Which of the following is a person who has a duty to act primarily for another person's
benefit?
page-pfa
15.
(p. 729)
Which of the following is true regarding the form of authority upon which an agency
relationship may be created?
page-pfb
16.
(p. 729)
When parties form an agency relationship by making a written or oral agreement, the
agency is known as a[n] ____.
17.
(p. 729)
Which of the following is the most common form of agency?
page-pfc
18.
(p. 729)
If a principal agrees to hire no other agent for a period of time or until a particular job is
done, the principal and agent have entered into a[n] ______ agency contract.
page-pfd
19.
(p. 729)
Which of the following is a document that gives an agent authority to sign legal
documents on behalf of the principal?
page-pfe
20.
(p. 729)
Under which of the following does a principal give an agent broad authority to sign legal
documents on behalf of the principal?
page-pff
21.
(p. 729)
Under which of the following does a principal give authority to an agent only for the
specific areas or purposes listed in the agency agreement?
page-pf10
22.
(p. 730)
A ______ is a written document, created by a principal, expressing his or her wishes for an
agent's authority not to be affected by the principal's subsequent incapacity.
page-pf11
23.
(p. 731)
Which of the following types of agency occurs when a principal leads a third party to
believe another individual serves as his or her agent, but the principal has actually made no
agreement with the so-called agent?
page-pf12
24.
(p. 731)
Which of the following is another name for apparent agency?
page-pf13
25.
(p. 744)
Which of the following is true regarding the result in the Case Opener, the case involving
whether FedEx illegally refused to collectively bargain with single-route drivers on the basis that
they were independent contractors, not employees?
page-pf14
26.
(p. 731)
Which of the following is
false
regarding civil law and a power of attorney in
Luxembourg?

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