Question 1

Only a lawyer can become an attorney-in-fact.

Accepted Answer

A) True 
 B)False

Question 2

A principal works on behalf of an agent.

Accepted Answer

A) True 
 B)False

Question 3

________ is a rule that says an employer is liable for the tortious conduct of its employees or agents while they are acting within the scope of the employer's authority.

Accepted Answer

The answer of ________ is a rule that says an...

Question 4

The duty of loyalty is a fiduciary duty owned by an agent not to act adversely to the interests of the principal.

Accepted Answer

A) True 
 B)False

Question 5

Describe the operation of a fully disclosed agency.

Accepted Answer

A fully disclosed agency results if a th

Question 6

Which of the following is true of an employer-employee relationship?

Accepted Answer

A) An employee has implied power of attorney toward the principal. 
B) An employee has authority to act on behalf of the principal. 
C) An employee can enter into contracts on behalf of the employer. 
D) An employee is hired to perform a task or service. 
A) An employee has implied power of attorney toward the principal. 
B) An employee has authority to act on behalf of the principal. 
C) An employee can enter into contracts on behalf of the employer. 
D) An employee is hired to perform a task or service.

Question 7

The agent is not liable on the contract in a fully disclosed agency.

Accepted Answer

A) True 
 B)False

Question 8

Unless otherwise agreed,the principal owes a duty to cooperate with and assist the agent in the performance of the agent's duties and the accomplishment of the agency.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

An agency relationship terminates if a s

Question 11

A dual-purpose mission is a situation that occurs when ________.

Accepted Answer

A) an agent works for two or more principals with conflicting interests 
B) a principal requests an agent to run an errand when the agent is on his or her own personal business 
C) an agent works for more than two principals but has similar agency relationships with all 
D) an agent competes with the principal in a business with interests similar to the principal's business after their agency has ended 
A) an agent works for two or more principals with conflicting interests 
B) a principal requests an agent to run an errand when the agent is on his or her own personal business 
C) an agent works for more than two principals but has similar agency relationships with all 
D) an agent competes with the principal in a business with interests similar to the principal's business after their agency has ended

Question 12

A durable power of attorney remains effective even if the principal is incapacitated.

Accepted Answer

A) True 
 B)False

Question 13

A principal and an agent are each personally liable for their own tortious conduct.

Accepted Answer

A) True 
 B)False

Question 14

Dual agency is permitted if all parties in a transaction agree to it.

Accepted Answer

A) True 
 B)False

Question 15

An apparent agency is also known as an agency by estoppel.

Accepted Answer

A) True 
 B)False

Question 16

Gem's principal asked her to pick up his dry cleaning on her way to work.While driving to work after picking up the dry-cleaning,Gem struck an old man crossing the street due to her negligence.Under the theory of ________,Gem's principal is liable to the injured man.

Accepted Answer

vicarious

Question 17

A power of attorney where a principal confers powers on an agent to act in specified matters on the principal's behalf is referred to as a(n)________.

Accepted Answer

special po

Question 18

An orally agreed upon power of attorney is acceptable in court.

Accepted Answer

A) True 
 B)False

Question 19

A principal owes a duty to indemnify the agent for any losses the agent suffers because of the principal's conduct.

Accepted Answer

A) True 
 B)False

Question 20

An express agency contract cannot be orally agreed upon.

Accepted Answer

A) True 
 B)False

Exam 18: Agency Law

Only a lawyer can become an attorney-in-fact.

A principal works on behalf of an agent.

________ is a rule that says an employer is liable for the tortious conduct of its employees or agents while they are acting within the scope of the employer's authority.

The duty of loyalty is a fiduciary duty owned by an agent not to act adversely to the interests of the principal.

Describe the operation of a fully disclosed agency.

Which of the following is true of an employer-employee relationship?

The agent is not liable on the contract in a fully disclosed agency.

Unless otherwise agreed,the principal owes a duty to cooperate with and assist the agent in the performance of the agent's duties and the accomplishment of the agency.

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

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

A dual-purpose mission is a situation that occurs when ________.

A durable power of attorney remains effective even if the principal is incapacitated.

A principal and an agent are each personally liable for their own tortious conduct.

Dual agency is permitted if all parties in a transaction agree to it.

An apparent agency is also known as an agency by estoppel.

Gem's principal asked her to pick up his dry cleaning on her way to work.While driving to work after picking up the dry-cleaning,Gem struck an old man crossing the street due to her negligence.Under the theory of ________,Gem's principal is liable to the injured man.

A power of attorney where a principal confers powers on an agent to act in specified matters on the principal's behalf is referred to as a(n)________.

An orally agreed upon power of attorney is acceptable in court.

A principal owes a duty to indemnify the agent for any losses the agent suffers because of the principal's conduct.

An express agency contract cannot be orally agreed upon.

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