Busi 301 Week 3 with complete solutions

Busi 301 Week 3 with complete solutionsAgency is a legal relationship in which the parties agree, in some form, that one party will act as an ----- for another party, called the -----, subject to the control of the principal - correct answer agent principal Agents can be classified into any of the following broad categories except: ______. - correct answer principal-agents The nonagent employee relationship is referred to as the ----- - correct answer master-servant relationship. In most employer-employee agent relationships, the employer exercises: ______. - correct answer substantial direction and control over the employee-agent. An agency relationship is usually created by a(n) ______ agreement. - correct answer express The party whom the agent is acting on behalf of in an agency relationship is the: ____. - correct answer principal Identify the broad categories into which agents can be classified. - correct answer Independent contractor agents Gratuitous agents Employee agents The law of agency often overlays and interacts with other areas of the law, especially ----- and ----- - correct answer contracts torts