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Survey of Commercial Law USC Columbia Exam Questions With 100- Verified Answers.docx

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Survey of Commercial Law USC Columbia Exam Questions With 100- Verified A

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Survey of Commercial Law USC
Columbia Exam Questions With 100%
Verified Answers
Agency -
correct answer ✅contractual relationship between principal and
agent


principle -
correct answer ✅one who hires agent to represent him/her


Agent -
correct answer ✅one authorized to act for/on behalf of principal


third party -
correct answer ✅person the principal wants to enter into a
contract w/ the principal


Fiduciary -
correct answer ✅one with duty to act primarily for another
person's benefit
- agent will act for benefit of principal
-will act following rules of agency
-act within scope

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