Exam 29: Agency Formation and Termination

A principal-agent relationship exists when an employer hires an employee to perform some form of physical service.

List the circumstances that can lead to termination by impossibility of performance.

Constructive notices are not valid against strangers who assert claims of apparent agency.

An agent does not owe a duty to notify the principal of important information he learns concerning the agency.

An agent given a power of attorney is known as an attorney-in-fact.

Who is an agent?

Agency law is a mixture of tort and contract laws.

What is an agency coupled with an interest?

The termination of an agency contract in violation of the terms of the agency contract is referred to as ________.

For an implied agency to function, implied authority cannot conflict with express authority.

Minors can appoint an agent without court approval.

The principal is bound legally to pay a gratuitous agent.

A(n)________ is a relationship formed when an employer hires an employee and gives that employee authority to act and enter into contracts on his or her behalf.

A principal can authorize an independent contractor to enter into contracts.

Which of the following is true of a general power of attorney?

Which of the following constitutes an agency?

Unless mutually agreed by the parties, the termination of an agency coupled with interest requires completion of the agency.

Who is an independent contractor?

An agent who has negligently or intentionally failed to perform his express duties is also liable to torn laws.

An express agency contract cannot be orally agreed upon.