Business Law 21 - 25

Business Law 21 - 25

9th - 12th Grade

46 Qs

quiz-placeholder

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Business Law 21 - 25

Business Law 21 - 25

Assessment

Quiz

Business

9th - 12th Grade

Hard

Created by

Ramona Bellew

Used 14+ times

FREE Resource

46 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A relationship between two parties that allows one of the parties to act so as to legally bind the other.

Agency

Principal

Agent

Scope of Authority

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The person who authorizes another to enter into legal relationships on his or her behalf.

Agency

Agent

Principal

Authority

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The party authorized by the principal to act on his or her behalf.

Agency

Principal

Agent

Implied Authority

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The range of acts authorized by the principal.

Express Authority

Gratuitous Agency

Implied Authority

Scope of Authority

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Written or oral direct communication of authority by the principal or agent.

Express Authority

Implied Authority

Gratuitous Authority

Apparent Authority

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Any writing that appoints someone as an agent.

Scope of Authority

Apparent Authority

Power of Attorney

Ratification

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The principal’s approval of a previously unauthorized act or an act outside the agent’s scope of authority.

Authority

Express Authority

Implied Authority

Ratification

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