Question 1

Real estate agents would not customarily have the authority to enter into sales contracts for their clients.

Accepted Answer

A) True 
 B)False

Question 2

The presence of a master-servant relationship determines whether or not a principal must pay wage taxes and withhold income taxes.

Accepted Answer

A) True 
 B)False

Question 3

Firing an agent terminates:

Accepted Answer

A) express authority. 
B) implied authority. 
C) apparent authority. 
D) a and b only 
E) a, b, and c 
A) express authority. 
B) implied authority. 
C) apparent authority. 
D) a and b only 
E) a, b, and c

Question 4

Which of the following terminates apparent authority?

Accepted Answer

A) firing an employee 
B) an employee quitting 
C) an employee retiring 
D) none of the above 
A) firing an employee 
B) an employee quitting 
C) an employee retiring 
D) none of the above

Question 5

Agents are liable to principals for negligence in performing their duties.

Accepted Answer

A) True 
 B)False

Question 6

Appendagez,Inc.is a Massachusetts corporation that manufactures jeans,tops,and sweaters under a line called faded glory.Mr.Segal had been one of their salespeople.During a trade show,he signed orders with several stores,but Appendagez did not ship because Segal was not their agent.Segal did,however,still have his display samples and order forms.Is Appendagez required to fill the orders?

Accepted Answer

Yes.Lingering apparent authori

Question 7

What is the difference between implied authority and apparent authority?

Accepted Answer

Implied - extension of express

Question 8

The breach of the fiduciary duty by an agent:

Accepted Answer

A) results in termination of the agent. 
B) terminates the agent's apparent authority. 
C) does not terminate an agent's implied authority. 
D) none of the above 
A) results in termination of the agent. 
B) terminates the agent's apparent authority. 
C) does not terminate an agent's implied authority. 
D) none of the above

Question 9

Post-employment non-compete agreements are void.

Accepted Answer

A) True 
 B)False

Question 10

In which of the following situations is an agent liable to third parties?

Accepted Answer

A) in a situation where there is a fully disclosed principal but only apparent authority 
B) in a situation where there is a fully disclosed principal but only implied authority 
C) in a situation where the principal is an unincorporated association 
D) all of the above 
A) in a situation where there is a fully disclosed principal but only apparent authority 
B) in a situation where there is a fully disclosed principal but only implied authority 
C) in a situation where the principal is an unincorporated association 
D) all of the above

Question 11

Apparent authority ends when an agent quits.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following functions would be implied authority for an apartment manager?

Accepted Answer

A) selling the apartment complex 
B) selling the apartments' appliances 
C) collecting rent from the tenants 
D) All of the above would be included in implied authority. 
A) selling the apartment complex 
B) selling the apartments' appliances 
C) collecting rent from the tenants 
D) All of the above would be included in implied authority.

Real estate agents would not customarily have the authority to enter into sales contracts for their clients.

The presence of a master-servant relationship determines whether or not a principal must pay wage taxes and withhold income taxes.

Firing an agent terminates:

Which of the following terminates apparent authority?

Agents are liable to principals for negligence in performing their duties.

What is the difference between implied authority and apparent authority?

The breach of the fiduciary duty by an agent:

Post-employment non-compete agreements are void.

In which of the following situations is an agent liable to third parties?

Apparent authority ends when an agent quits.

Which of the following functions would be implied authority for an apartment manager?

Introduction to Law

Business Ethics and Social Responsibility

The Judicial System

Managing Disputes: Alternative Dispute Resolution and Litigation Strategies

Business and the Constitution

Administrative Law

International Law

Business Crime

Business Torts

Environmental Regulation and Sustainability

Contracts and Sales: Introduction and Formation

Contracts and Sales: Performance,Remedies,and Collection

Product Advertising and Liability

Business Competition: Antitrust

Business and Intellectual Property Law

Governance and Structure: Forms of Doing Business

Governance and Regulation: Securities Law

Management of Employee Welfare

Management: Employment Discrimination

Filters

Exam 16: Management of Employee Conduct: Agency

Real estate agents would not customarily have the authority to enter into sales contracts for their clients.

The presence of a master-servant relationship determines whether or not a principal must pay wage taxes and withhold income taxes.

Firing an agent terminates:

Which of the following terminates apparent authority?

Agents are liable to principals for negligence in performing their duties.

What is the difference between implied authority and apparent authority?

The breach of the fiduciary duty by an agent:

Post-employment non-compete agreements are void.

In which of the following situations is an agent liable to third parties?

Apparent authority ends when an agent quits.

Which of the following functions would be implied authority for an apartment manager?

Introduction to Law

Business Ethics and Social Responsibility

The Judicial System

Managing Disputes: Alternative Dispute Resolution and Litigation Strategies

Business and the Constitution

Administrative Law

International Law

Business Crime

Business Torts

Environmental Regulation and Sustainability

Contracts and Sales: Introduction and Formation

Contracts and Sales: Performance,Remedies,and Collection

Product Advertising and Liability

Business Competition: Antitrust

Business and Intellectual Property Law

Governance and Structure: Forms of Doing Business

Governance and Regulation: Securities Law

Management of Employee Welfare

Management: Employment Discrimination

Filters