Exam 14: Agency and the Employment Relationship

If an agent commits a tort outside the agent's scope of employment, the agent is liable to the third party for damages incurred.

To carry out their duties, universal agents are typically granted:

Operation of law provides agents with the authority to act beyond the authority granted by the principal when:

Traditionally, the chief difference between an agent and a servant (employee) was that the:

If a contractor does not have authority to enter into contracts for the principal then:

The rule of law imposing vicarious liability upon an innocent principal is known as:

Agencies may be terminated by operation of law, without either party taking any action.

An undisclosed principal is:

Putting a bold disclaimer at the front of the handbook that says it is not a contract and requiring employees to sign the disclaimer is an attempt by businesses to:

You post a notice at school that you will sell your laptop computer for $600. A buyer comes by your room to look at it while you are gone and your roommate sells it for $500, thinking you would be happy with that price, which you did not authorize.

If an employer and employee agree on employment of a certain time, or that job security will be provided, then there is likely:

Traditionally, employees did not act as agents for their principals, but today employees may well also be agents.

The duty of an agent to perform responsibilities with the degree of care that a reasonable person would exercise under the circumstances is:

____ is when an agency is created because the actions of the principal may lead one to reasonably believe that the presumed agent has the authority to act for the principal.

An auctioneer is an example of a(n):

A general power of attorney is usually given to a special agent.

Which of the following is an advantage to having the ability to use agents:

The law of agency places its primary emphasis on the duties:

To ratify an agreement a principal must know:

Cook instructs Chan, her agent, to buy a van for her business. Chan contracts for a van with a third party, who knows that Chan is an agent. If Cook does not like the van and refuses to pay for it, the seller may sue: