Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Previously searched by you
Previously searched by you
logo
To add items to your wishlist, you must be logged in
Document preview thumbnail
Preview 1 out of 3 pages
Exam (elaborations)

Business Law Ch 25, 26, 27, 28 Questions and Correct Answers.

0.0
(0 reviews)
- sold
3 pages
2025/2026 Written for academic year
Institution Baruch College
Course LAW 1101
Document preview thumbnail
Preview 1 out of 3 pages

Principal - Answer Person who appoints another to contract with third parties Agent - Answer Person appointed to contract on behalf of another General Agent - Answer Agent authorized to carry out a particular kind of business or all business at a place Special Agent - Answer Agent authorized to transact specific act or acts Factor or Commission merchant - Answer Bailee seeking to sell property on commission Factor del credere - Answer Factor who sells on credit and guarantees price will be paid Broker - Answer Agent with job of bringing two contracting parties together attorney in fact - Answer general agent appointed by authorization express authority - Answer authority of agent stated in agreement creating agency implied authority - Answer Agent's authority to do things in order to carry out express authority customary authority - Answer authority in agent possesses by custom apparent authority - Answer authority an agent is believed to have because of principal's behavior agency - Answer contract under which one party is authorized to contract for another power of attorney - Answer written instrument appointing an agent ratification - Answer approval off unauthorized act

Content preview

Business Law Ch 25, 26, 27, 28
Questions and Correct Answers.
Principal - Answer Person who appoints another to contract with third parties



Agent - Answer Person appointed to contract on behalf of another



General Agent - Answer Agent authorized to carry out a particular kind of business or all
business at a place



Special Agent - Answer Agent authorized to transact specific act or acts



Factor or Commission merchant - Answer Bailee seeking to sell property on commission



Factor del credere - Answer Factor who sells on credit and guarantees price will be paid



Broker - Answer Agent with job of bringing two contracting parties together



attorney in fact - Answer general agent appointed by authorization



express authority - Answer authority of agent stated in agreement creating agency



implied authority - Answer Agent's authority to do things in order to carry out express
authority



customary authority - Answer authority in agent possesses by custom



apparent authority - Answer authority an agent is believed to have because of principal's
behavior



agency - Answer contract under which one party is authorized to contract for another



power of attorney - Answer written instrument appointing an agent



ratification - Answer approval off unauthorized act

Document information

Uploaded on
January 12, 2026
Number of pages
3
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers
Report Copyright Violation
$12.39
Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF
Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
TestSolver9
3.5
(165)
Sold
958
Followers
128
Items
30723
Last sold
2 days ago
Available in package deal
Product Image
Package deal
LAW 1101 FINAL EXAM BUNDLE PACK (2025-2026 )GRADED TO PASS!!
-
-
Sold
10
item
Jan 2026
$132.60
$59.63
You save 55% More Info

Browse related subjects

Subjects

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Learn more Create citation
Working on your references?

Frequently asked questions