Exam 32: A: Agency Formation and Duties

An independent contractor may not act in the capacity of an agent.

(True/False)

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Question 21

A worker engaged in an occupation or business distinct from that of an employer points to independent-contractor status.

(True/False)

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Question 22

Fact Pattern 32-1B Liz and Molly work as clerks in Nia's Dress Shop.Nia withholds federal taxes from their pay,and controls the methods and details of the performance of their work.Liz and Molly are not au?thorized to modify the prices or other terms of a sale at the shop. -Refer to Fact Pattern 32-1B.At the shop,Liz and Molly are

(Multiple Choice)

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Question 23

An agent has the right to perform agency duties without interference by the principal.

(True/False)

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Question 24

An agent's actions must be strictly for the benefit of the principal.

(True/False)

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Question 25

An agency relationship created for a purpose that is illegal is unenforceable.

(True/False)

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Question 26

Agency relationships do not exist between employers and employees.

(True/False)

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Question 27

Work done by a specialist without supervision indicates employee status.

(True/False)

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Question 28

Any copyrighted work created by an employee,whether or not an employer requested it,is a "work for hire."

(True/False)

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Question 29

Agency by operation of law may not occur in emergency situations.

(True/False)

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Question 30

Jay holds himself out as possessing special accounting skills.As an agent,he must exercise the degree of skill or care expected of

(Multiple Choice)

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Question 31

Mona is an agent for Nationwide Restaurant Corporation (NRC).In act?ing as an agent,Mona follows all of NRC's clearly stated instructions.This responsibility arises under

(Multiple Choice)

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Question 32

United Sales Corporation hires Victor to act as its agent.United's right not to perform a contract entered into by Victor,if Victor breaches their agency agreement,is the right of

(Multiple Choice)

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Question 33

Herschel contracts with Ivy to buy a certain coffee shop,Java Jive,for Ivy,who asks Herschel not to reveal her identity.Herschel makes a deal with Kendal,the owner of the restaurant,and makes a down payment.Ivy fails to pay the rest of the price,and does not pay Herschel for his services.Does Herschel have any recourse against Ivy? If so,on what basis and to what extent?

(Essay)

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Question 34

Considerable control over the details of work indicates agent status.

(True/False)

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Question 35

An agent is required to notify the principal of all matters concerning the subject matter of the agency.

(True/False)

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Question 36

Jody is an agent for Kwik Credit Company (KCC).In the course of Jody's performance for KCC,Jody pays Leo for certain auto maintenance and repair services.Jody's right to obtain the amount of those payments from KCC arises under the principal's duty of

(Multiple Choice)

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Question 37

Regional Investment Corporation (RIC)hires Sam,a real estate agent,to locate investment properties for RIC.Sam learns of a warehouse avail?able for $100,000,but neglects to tell RIC.Most likely,Sam

(Multiple Choice)

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Question 38

Employment laws apply only to the employer-employee relationship.

(True/False)

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Question 39

An agreement to form an agency relationship must be in writing.

(True/False)

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Question 40

Showing 21 - 40 of 42

Exam 32: A: Agency Formation and Duties

An independent contractor may not act in the capacity of an agent.

A worker engaged in an occupation or business distinct from that of an employer points to independent-contractor status.

An agent has the right to perform agency duties without interference by the principal.

An agent's actions must be strictly for the benefit of the principal.

An agency relationship created for a purpose that is illegal is unenforceable.

Agency relationships do not exist between employers and employees.

Work done by a specialist without supervision indicates employee status.

Any copyrighted work created by an employee,whether or not an employer requested it,is a "work for hire."

Agency by operation of law may not occur in emergency situations.

Jay holds himself out as possessing special accounting skills.As an agent,he must exercise the degree of skill or care expected of

Mona is an agent for Nationwide Restaurant Corporation (NRC).In act?ing as an agent,Mona follows all of NRC's clearly stated instructions.This responsibility arises under

United Sales Corporation hires Victor to act as its agent.United's right not to perform a contract entered into by Victor,if Victor breaches their agency agreement,is the right of

Considerable control over the details of work indicates agent status.

An agent is required to notify the principal of all matters concerning the subject matter of the agency.

Jody is an agent for Kwik Credit Company (KCC).In the course of Jody's performance for KCC,Jody pays Leo for certain auto maintenance and repair services.Jody's right to obtain the amount of those payments from KCC arises under the principal's duty of

Regional Investment Corporation (RIC)hires Sam,a real estate agent,to locate investment properties for RIC.Sam learns of a warehouse avail?able for $100,000,but neglects to tell RIC.Most likely,Sam

Employment laws apply only to the employer-employee relationship.

An agreement to form an agency relationship must be in writing.

A: Introduction to Law and Legal Reasoning

B: Introduction to Law and Legal Reasoning

C: Introduction to Law and Legal Reasoning

D: Introduction to Law and Legal Reasoning

A: Courts and Alternative Dispute Resolution

B: Courts and Alternative Dispute Resolution

A: Court Procedures

B: Court Procedures

A: Constitutional Authority to Regulate Business

B: Constitutional Authority to Regulate Business

A: Ethics and Business Decision Making

B: Ethics and Business Decision Making

A: Intentional Torts and Privacy

B: Intentional Torts and Privacy

A: Negligence and Strict Liability

B: Negligence and Strict Liability

C: Negligence and Strict Liability

D: Negligence and Strict Liability

A: Intellectual Property and Internet Law

B: Intellectual Property and Internet Law

A: Criminal Law and Cyber Crimes

B: Criminal Law and Cyber Crime

A: Nature and Terminology

B: Nature and Terminology

C: Nature and Terminology

D: Nature and Terminology

A: Agreement in Traditional and E-Contracts

B: Agreement in Traditional and E-Contracts

A: Consideration

B: Consideration

A: Capacity and Legality

B: Capacity and Legality

A: Mistakes,fraud,and Voluntary Consent

B: Mistakes,fraud,and Voluntary Consent

A: The Statute of Frauds

B: The Statute of Frauds

A: Third Party Rights

B: Third Party Rights

A: Performance and Discharge

B: Performance and Discharge

A: Breach of Contract and Remedies

B: Breach of Contract and Remedies

A: The Formation of Sales and Lease Contracts

B: The Formation of Sales and Lease Contracts

C: The Formation of Sales and Lease Contracts

D: The Formation of Sales and Lease Contracts

A: Title,risk,and Insurable Interest

B: Title,risk,and Insurable Interest

A: Performance Breach of Sales Lease Contracts

B: Performance Breach of Sales Lease Contracts

A: Warranties and Product Liability

B: Warranties and Product Liability

A: International Law in a Global Economy

B: International Law in a Global Economy

A: The Function Creation of Negotiable Instruments

B: The Function Creation of Negotiable Instruments

C: The Function Creation of Negotiable Instruments

D: The Function Creation of Negotiable Instruments

A: Transferability and Holder in Due Course

B: Transferability and Holder in Due Course

A: Liability,defenses,and Discharge