BULE 303 chpt 14, 15, 16 questions
with verified answers already passed
What is required to form an agency relationship?
The agent and principal must agree to enter the relationship.
How may an agency relationship be formed? Choose 3 answers.
implied by the conduct of the principal
by express written agreement between agent and principal
by express oral agreement between agent and principal
What are the fiduciary duties of an agent to her principal? Choose 3 answers.
obedience
accounting
loyalty
How does a principal become liable to third parties on contracts?
The principal's agent has the authority to bind the principal in a contract with a third party.
, When is an agent liable on a contract that the agent entered into in the business of the agent's
principal? Choose 3 answers.
when the agent is acting without authority
if the agent entered into the contract in a personal capacity
when the principal is undisclosed
Is a principal liable for the tortious actions of the principal's agent?
Yes, but only if the principal authorized the tortious conduct.
Who is liable to third parties for damage caused by an agent's tortious conduct if the principal
had directed the agent to take that action?
both the agent and the principal
We have an expert-written solution to this problem!
If harm is done by an agent, and it is discovered that this agent has been convicted of the same
harm before at a previous job, what might a principal be liable for?
negligent hiring
Is a principal under a duty to compensate an agent who works on the principal's behalf?
Yes, if the contract requires compensation.
with verified answers already passed
What is required to form an agency relationship?
The agent and principal must agree to enter the relationship.
How may an agency relationship be formed? Choose 3 answers.
implied by the conduct of the principal
by express written agreement between agent and principal
by express oral agreement between agent and principal
What are the fiduciary duties of an agent to her principal? Choose 3 answers.
obedience
accounting
loyalty
How does a principal become liable to third parties on contracts?
The principal's agent has the authority to bind the principal in a contract with a third party.
, When is an agent liable on a contract that the agent entered into in the business of the agent's
principal? Choose 3 answers.
when the agent is acting without authority
if the agent entered into the contract in a personal capacity
when the principal is undisclosed
Is a principal liable for the tortious actions of the principal's agent?
Yes, but only if the principal authorized the tortious conduct.
Who is liable to third parties for damage caused by an agent's tortious conduct if the principal
had directed the agent to take that action?
both the agent and the principal
We have an expert-written solution to this problem!
If harm is done by an agent, and it is discovered that this agent has been convicted of the same
harm before at a previous job, what might a principal be liable for?
negligent hiring
Is a principal under a duty to compensate an agent who works on the principal's behalf?
Yes, if the contract requires compensation.
