Exam 27: Agency Relationships in Business

Diamonds & Gold LLC hires Elle to buy gems and precious metals from various sources on its behalf. In this relationship, Diamonds is

Under the principles of agency law, any sale of goods by a salesperson in a store to a customer can be binding on the owner of the store.

Denny, a certified public accountant and an investor, and Ethel, an insurance salesperson and a realtor, may create an agency relationship for

Ray is a delivery driver for Sicilian Pasta Company. Ray does exactly what the company tells him. Ray is

It is not illegal for a licensed professional to employ an unlicensed agent to perform professional acts.

The agent must maintain separate accounts for the principal's funds and for the agent's personal funds, but may intermingle these accounts.

Suva is an agent for Tax Accountants, Inc. On the firm's behalf and at its request, Suva pays Uzo for specially coded software. Suva's right to obtain the amount of the payment from Tax Accountants arises under the duty of

The equal dignity rule requires that a principal and an agent act in good faith and with mutual respect in their dealings with each other.

Based on Nan's conduct, Odel reasonably believes that Poppy has the authority to act on Nan's behalf even though Poppy does not have the actual authority to do so. In this circumstance, Poppy has

Lucy is married to Marco. Lucy buys food for their children's lunches and charges the cost to Marco's account. This is an agency by

The doctrine of respondeat superior imposes liability for an agent's tort on a principal without regard to the personal fault of the agent.

Ira serves in a representative capacity for Jett. Key is injured through Ira's negligence. Jett may be liable to Key if Ira's conduct occurred