exam 4 module 5

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Emporia State University *

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573

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Law

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Feb 20, 2024

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docx

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Uploaded by ksantiag

Question 1 4 / 4 pts A general agent has the authority to act in any way required by the principal's business. Correct! True False Question 2 4 / 4 pts Oral agencies are not legally binding unless reduced to writing. True Correct! False Question 3 4 / 4 pts The fiduciary responsibility of an agent is imposed by law. Correct! True False Question 4 4 / 4 pts An agent's authority can usually be revoked by the principal at any time. Correct! True False

Question 5 4 / 4 pts Whether a person is an independent contractor or an employee is legally determined by the parties' agree-ment. You Answered True Correct Answer False Question 6 4 / 4 pts Alberto, a carpenter, was hired by Raul for the building season, through September 30 when his employment would end. During the summer Alberto regularly charged items on Raul's account at the lumber yard, and Raul always pays the bill; the lumber yard knew nothing of Alberto's contract with Raul. On October 1 Alberto, as he has done for several months, charged items on Raul's account, but these were for Alberto's personal use. Raul is not responsible for these items. You Answered True Correct Answer False Question 7 4 / 4 pts In the legal relationship known as "agency": the agent cannot have any personal property interest in the principal's business. the principal must authorize all subagents appointed by an agent. Correct a general agent has the authority to act in any way required by the principal's business.

the principal is primarily liable for all actions undertaken by agents and subagents. a general agent must be appointed for business purposes, while a special agent can be appointed for personal purposes. Question 8 4 / 4 pts Under the traditional _____ doctrine, an employee who is not hired for a specific period can be fired at any time, for any reasons except bad reasons. Correct! employment-at-will shop rights master-servant delectus personae ultra vires Question 9 4 / 4 pts The key to determining whether a principal is liable for contracts made by his agent is the amount of compensation paid to the agent. True Correct! False Question 10 4 / 4 pts As long as an agent has authorization, express, implied or apparent, she may bind the principal legally.

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