Question 1

Private Security Service employs Olsen as an agent.Without Private Security's knowledge but otherwise acting within the scope of employment,Olsen commits a crime.The state can successfully prosecute​

Accepted Answer

A)  none of the choices.
B)  Private Security.
C)  Private Security or Olsen.
D)  Olsen.E) A) and C)
F) None of the above

Question 2

Olive,an agent for Precision Paving Corporation,enters into an unauthorized contract with Quality Asphalt,Inc. ,purportedly on Precision's behalf.Precision does not ratify the contract.Liability may be imposed on​

Accepted Answer

A)  Olive to Quality for misrepresenting her authority.
B)  Precision to Quality for not ratifying the contract.
C)  Quality to Precision for entering into an unauthorized contract.
D)  Precision to Olive for not ratifying the contract.E) B) and D)
F) A) and D)

Question 3

Under the law of agency,notice to the agent is notice to the principal.

Accepted Answer

A) True 
 B)False

Question 4

An agency can terminate once its purpose is achieved.

Accepted Answer

A) True 
 B)False

Question 5

Flo,an agent for Grover,enters into a contract on Grover's behalf with Hong that must be in writing to be enforceable under the Statute of Frauds.Failure to comply with the equal dignity rule,with respect to this contract,can make the contract voidable at the option of​

Accepted Answer

A)  Flo.
B)  Grover.
C)  Hong.
D)  none of the choices.E) A) and B)
F) A) and C)

Question 6

Roberta introduces Steve to her friends as "my associate." Steve purports to act as Roberta's agent in several business transactions with those friends.If Roberta is liable for Steve's actions,it will be because their relationship is​

Accepted Answer

A)  an agency by agreement.
B)  an agency by estoppel.
C)  an agency by operation of law.
D)  not an agency relationship.E) All of the above
F) A) and B)

Question 7

When the principal-agent relationship is contractual,the agent may have a right to specific performance.

Accepted Answer

A) True 
 B)False

Question 8

Norton grants an ordinary power of attorney to Olena to locate potential real estate investment opportunities on Norton's behalf.This power will terminate on Norton's​

Accepted Answer

A)  taking advantage of one of the investment opportunities.
B)  death or incapacity.
C)  sixty-fifth birthday.
D)  hiring an actual attorney to exercise the power granted to Olena.E) A) and B)
F) A) and C)

Question 9

Remedies of the agent for breach of duty by the principal follow normal contract and tort remedies.

Accepted Answer

A) True 
 B)False

Question 10

A principal may be liable if he or she authorizes an agent to commit a tort.

Accepted Answer

A) True 
 B)False  True

Question 11

Anything that an agent obtains by virtue of the agency relationship is his or hers to keep.

Accepted Answer

A) True 
 B)False

Question 12

A principal is not normally liable for the tort of an agent committed within the scope of the agency or employment.

Accepted Answer

A) True 
 B)False

Question 13

The relationship between an employer and an employee cannot involve an agency relationship.

Accepted Answer

A) True 
 B)False  False

Question 14

A principal cannot be estopped from denying that an agent has authority.

Accepted Answer

A) True 
 B)False

Question 15

An agent's duties to the principal are implied from the agency relationship only if the identity of the principal is disclosed to a third party.

Accepted Answer

A) True 
 B)False

Question 16

The equal dignity rule requires that if a contract entered into by an agent is or must be in writing,the agent's authority must also be in writing.

Accepted Answer

A) True 
 B)False

Question 17

Beth,acting within the scope of her authority for the Cake Bake Shop,contracts with Eden Valley Orchards to buy an assortment of fruit.Cake Bake is liable on the contract,and Beth is not,if Cake Bake is​

Accepted Answer

A)  a disclosed principal.
B)  a partially disclosed principal.
C)  an undisclosed principal.
D)  not a principal.E) A) and B)
F) B) and D)

Question 18

An agent's deviation from the lawful clearly stated instructions of the principal is a violation of the duty of obedience.

Accepted Answer

A) True 
 B)False

Question 19

A special power of attorney permits an agent to transact all business for a principal.

Accepted Answer

A) True 
 B)False

Question 20

Rod is an employee of Savers Bank.In deciding whether Rod acts within the scope of his employment when he commits a tort against Tracy,a court will not consider whether​

Accepted Answer

A)  Rod indicated that he was acting on behalf of Savers Bank.
B)  Savers Bank authorized the act.
C)  Savers Bank furnished the means by which the injury was inflicted.
D)  the act is one commonly performed by employees for their employers.E) A) and B)
F) A) and C) A

Exam 19: Agency Relationships

Private Security Service employs Olsen as an agent.Without Private Security's knowledge but otherwise acting within the scope of employment,Olsen commits a crime.The state can successfully prosecute​

Correct AnswerverifiedShow Answer

Olive,an agent for Precision Paving Corporation,enters into an unauthorized contract with Quality Asphalt,Inc. ,purportedly on Precision's behalf.Precision does not ratify the contract.Liability may be imposed on​

Correct AnswerverifiedShow Answer

Under the law of agency,notice to the agent is notice to the principal.

Correct AnswerverifiedShow Answer

An agency can terminate once its purpose is achieved.

Correct AnswerverifiedShow Answer

Flo,an agent for Grover,enters into a contract on Grover's behalf with Hong that must be in writing to be enforceable under the Statute of Frauds.Failure to comply with the equal dignity rule,with respect to this contract,can make the contract voidable at the option of​

Correct AnswerverifiedShow Answer

Roberta introduces Steve to her friends as "my associate." Steve purports to act as Roberta's agent in several business transactions with those friends.If Roberta is liable for Steve's actions,it will be because their relationship is​

Correct AnswerverifiedShow Answer

When the principal-agent relationship is contractual,the agent may have a right to specific performance.

Correct AnswerverifiedShow Answer

Norton grants an ordinary power of attorney to Olena to locate potential real estate investment opportunities on Norton's behalf.This power will terminate on Norton's​

Correct AnswerverifiedShow Answer

Remedies of the agent for breach of duty by the principal follow normal contract and tort remedies.

Correct AnswerverifiedShow Answer

A principal may be liable if he or she authorizes an agent to commit a tort.

Correct AnswerverifiedTrue

Anything that an agent obtains by virtue of the agency relationship is his or hers to keep.

Correct AnswerverifiedShow Answer

A principal is not normally liable for the tort of an agent committed within the scope of the agency or employment.

Correct AnswerverifiedShow Answer

The relationship between an employer and an employee cannot involve an agency relationship.

Correct AnswerverifiedFalse

A principal cannot be estopped from denying that an agent has authority.

Correct AnswerverifiedShow Answer

An agent's duties to the principal are implied from the agency relationship only if the identity of the principal is disclosed to a third party.

Correct AnswerverifiedShow Answer

The equal dignity rule requires that if a contract entered into by an agent is or must be in writing,the agent's authority must also be in writing.

Correct AnswerverifiedShow Answer

Beth,acting within the scope of her authority for the Cake Bake Shop,contracts with Eden Valley Orchards to buy an assortment of fruit.Cake Bake is liable on the contract,and Beth is not,if Cake Bake is​

Correct AnswerverifiedShow Answer

An agent's deviation from the lawful clearly stated instructions of the principal is a violation of the duty of obedience.

Correct AnswerverifiedShow Answer

A special power of attorney permits an agent to transact all business for a principal.

Correct AnswerverifiedShow Answer

Rod is an employee of Savers Bank.In deciding whether Rod acts within the scope of his employment when he commits a tort against Tracy,a court will not consider whether​

Correct AnswerverifiedA

Private Security Service employs Olsen as an agent.Without Private Security's knowledge but otherwise acting within the scope of employment,Olsen commits a crime.The state can successfully prosecute

Correct Answer
verified

Olive,an agent for Precision Paving Corporation,enters into an unauthorized contract with Quality Asphalt,Inc. ,purportedly on Precision's behalf.Precision does not ratify the contract.Liability may be imposed on

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Flo,an agent for Grover,enters into a contract on Grover's behalf with Hong that must be in writing to be enforceable under the Statute of Frauds.Failure to comply with the equal dignity rule,with respect to this contract,can make the contract voidable at the option of

Correct Answer
verified

Roberta introduces Steve to her friends as "my associate." Steve purports to act as Roberta's agent in several business transactions with those friends.If Roberta is liable for Steve's actions,it will be because their relationship is

Correct Answer
verified

Correct Answer
verified

Norton grants an ordinary power of attorney to Olena to locate potential real estate investment opportunities on Norton's behalf.This power will terminate on Norton's

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
True

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
False

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Beth,acting within the scope of her authority for the Cake Bake Shop,contracts with Eden Valley Orchards to buy an assortment of fruit.Cake Bake is liable on the contract,and Beth is not,if Cake Bake is

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Rod is an employee of Savers Bank.In deciding whether Rod acts within the scope of his employment when he commits a tort against Tracy,a court will not consider whether

Correct Answer
verified
A