Business Case study business 101 Exam 2025 ACTUAL EXAM COMPLETE 80
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS)
ALREADY GRADED A+
1. What is required to form an agency relationship? The agent and
principal must
agree to enter
the relationship.
2. How may an agency relationship be formed? b, c, d
Choose 3 answers.
a) implied by the conduct of the agent
b) implied by the conduct of the principal
c) by express written agreement between agent
and principal
d) by express oral agreement between agent and
prin- cipal
3. What are the fiduciary duties of an agent to her prin- a, c, d
cipal? Choose 3 answers.
a) obedience
b) indemnification
c) accounting
d) loyalty
4. How does a principal become liable to third parties
The principal's
on contracts?
agent has the
au- thority to
bind the
principal in a
con- tract with a
5. When is an agent liable on a contract that the agent third party.
entered into in the business of the agent's
a, b, d
principal? Choose 3 answers.
a) when the agent is acting without authority
b) if the agent entered into the contract in a
personal capacity
c) when the principal is not satisfied with the terms
of the contract
d) when the principal is undisclosed
To get this or any other Exam contact ()
, Business Case study business 101 Exam 2025 ACTUAL EXAM COMPLETE 80
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS)
ALREADY GRADED A+
6.
To get this or any other Exam contact ()
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS)
ALREADY GRADED A+
1. What is required to form an agency relationship? The agent and
principal must
agree to enter
the relationship.
2. How may an agency relationship be formed? b, c, d
Choose 3 answers.
a) implied by the conduct of the agent
b) implied by the conduct of the principal
c) by express written agreement between agent
and principal
d) by express oral agreement between agent and
prin- cipal
3. What are the fiduciary duties of an agent to her prin- a, c, d
cipal? Choose 3 answers.
a) obedience
b) indemnification
c) accounting
d) loyalty
4. How does a principal become liable to third parties
The principal's
on contracts?
agent has the
au- thority to
bind the
principal in a
con- tract with a
5. When is an agent liable on a contract that the agent third party.
entered into in the business of the agent's
a, b, d
principal? Choose 3 answers.
a) when the agent is acting without authority
b) if the agent entered into the contract in a
personal capacity
c) when the principal is not satisfied with the terms
of the contract
d) when the principal is undisclosed
To get this or any other Exam contact ()
, Business Case study business 101 Exam 2025 ACTUAL EXAM COMPLETE 80
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS)
ALREADY GRADED A+
6.
To get this or any other Exam contact ()
