Question 1

A principal must indemnify an agent for any reasonable expenses incurred in carrying out his or her responsibilities.

Accepted Answer

A) True 
 B)False

Question 2

Rob agrees to act as an agent for Diane in selling her car.Diane has a duty of loyalty to Rob.

Accepted Answer

A) True 
 B)False

Question 3

Tom,the production manager at Esday,was told by his supervisor to hire Elton,a 15-year-old boy,to operate an industrial machine.Hiring the 15-year-old violates the child labor laws.What should Tom do in this situation?

Accepted Answer

A) Tom should hire Elton;he has a duty to obey Esday's instructions. 
B) Tom should hire Elton;he has a duty of care to ensure that the government does not discover that Elton is 15 years old. 
C) Tom should not hire Elton;he has a duty of care and he would not be caring for Elton. 
D) Tom should not hire Elton;he has a duty to obey Esday's instructions only if they are legal and ethical. 
A) Tom should hire Elton;he has a duty to obey Esday's instructions. 
B) Tom should hire Elton;he has a duty of care to ensure that the government does not discover that Elton is 15 years old. 
C) Tom should not hire Elton;he has a duty of care and he would not be caring for Elton. 
D) Tom should not hire Elton;he has a duty to obey Esday's instructions only if they are legal and ethical.

Question 4

The principle of liability stating that an employer is liable for a physical tort committed by an employee acting within the scope of employment and a nonphysical tort of an employee acting with authority is called

Accepted Answer

A) the equal dignities rule. 
B) respondeat superior. 
C) fiduciary control. 
D) apparent authority. 
A) the equal dignities rule. 
B) respondeat superior. 
C) fiduciary control. 
D) apparent authority.

Question 5

When a principal is partially disclosed

Accepted Answer

A) the agent and principal will be jointly and severally liable on the contract. 
B) the agent and principal will be only jointly liable on the contract. 
C) only the principal can be liable. 
D) only the agent is liable. 
A) the agent and principal will be jointly and severally liable on the contract. 
B) the agent and principal will be only jointly liable on the contract. 
C) only the principal can be liable. 
D) only the agent is liable.

Exam 28: Agency Law

A principal must indemnify an agent for any reasonable expenses incurred in carrying out his or her responsibilities.

Rob agrees to act as an agent for Diane in selling her car.Diane has a duty of loyalty to Rob.

Tom,the production manager at Esday,was told by his supervisor to hire Elton,a 15-year-old boy,to operate an industrial machine.Hiring the 15-year-old violates the child labor laws.What should Tom do in this situation?

The principle of liability stating that an employer is liable for a physical tort committed by an employee acting within the scope of employment and a nonphysical tort of an employee acting with authority is called

When a principal is partially disclosed

Introduction to Law

Ethics and Corporate Social Responsibility

International Law

Common Law, Statutory Law, and Administrative Law

Constitutional Law

Dispute Resolution

Crime

Intentional Torts and Business Torts

Negligence, Strict Liability, and Product Liability

Privacy and Internet Law

Introduction to Contracts

Agreement: Offers and Acceptances

Consideration

Legality

Voidable Contracts: Capacity and Consent

Written Contracts

Third Parties

Contract Termination

Remedies

Practical Contracts

Introduction to Sales

Ownership, Risk and Warranties

Performance and Remedies

Secured Transactions

Creating a Negotiable Instrument

Liability for Negotiable Instruments

Accountants Liability

Employment and Labor Law

Employment Discrimination

Starting a Business: Llcs and Other Options

Partnerships

Life and Death of a Corporation

Management Duties

Shareholder Rights

Bankruptcy

Securities Regulation

Antitrust

Consumer Protection

Environmental Law

Intellectual Property

Real Property and Landlord Tenant Law

Personal Property and Bailment

Planning for the Future: Wills, Trusts and Insurance

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