Exam 32: Agency Formation and Duties

A property owner who hires a realtor to sell the property thereby enters into an agency relationship with an employee for a limited time.

(True/False)

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Question 141

Lev, an agent for Mill Grains LLC, executes an unauthorized contract with National Grocers Inc. The deal is highly advantageous to Mill Grains, and the company ratifies the contract. The contract is

(Multiple Choice)

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Question 142

A power of attorney should be used with great caution and only in exceptional circumstances because

(Multiple Choice)

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Question 143

An agent acting at a principal's direction is not liable for the commission of a tortious act, even if the agent knew the act was wrong.

(True/False)

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Question 144

Showing 141 - 144 of 144

Exam 32: Agency Formation and Duties

A property owner who hires a realtor to sell the property thereby enters into an agency relationship with an employee for a limited time.

Lev, an agent for Mill Grains LLC, executes an unauthorized contract with National Grocers Inc. The deal is highly advantageous to Mill Grains, and the company ratifies the contract. The contract is

A power of attorney should be used with great caution and only in exceptional circumstances because

An agent acting at a principal's direction is not liable for the commission of a tortious act, even if the agent knew the act was wrong.

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