LAW 3220 FINAL EXAM ACTUAL 2025/2026 (PROFESSOR: JUDSON JAHN CHAPTERS: 14, 15, 16) Q&A 100% PASS

LAW 3220 FINAL EXAM ACTUAL 2025/2026 (PROFESSOR: JUDSON JAHN CHAPTERS: 14, 15, 16) Q&A 100% PASS When a person or company (the agent) agrees to act for or in place of another person or company (the principal) - Answer -How are agencies created? The principal - Answer -Who creates authority in an agent? The agent - Answer -In an agency, who receives authority and carries out the principal's instructions?Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: Third parties - Answer -In an agency, who make contracts or are involved in torts with the agent? By the agent's acts with a third party - third parties make contracts/are involved in torts with the agent - Answer -How is the principal generally bound in an agency? Someone designated to do all acts that can be legally granted to an agent. The agent is usually given a general power of attorney to do all business transactions on behalf of the principal. - Answer -What is a universal agent? A person authorized to execute all transactions connected with a certain business, such as a manager who runs all aspects of a hotel. The principal may limit the extent