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WorksheetsChapter 8 Legal Terms-Agency
Total questions: 31
Worksheet time: 2hrs 33mins
An agent commits an unauthorized act when he does exactly as the principal instructs.
True
False
A power of appointment that includes an interest in the thing itself, such as the power and interest of a partner in a business who is given the right to manage the business as security for loans he has made to the partnership, is:
an implied authority
an undisclosed agency
respondeat superior
a power coupled with an interest.
An AGENT can also be called
representative
imposter
spy
manager
Slightly digressing from a principal’s instructions by an agent does not excuse the principal of liability of the agent’s negligence under the
principal
deviation doctrine
special agent
undisclosed agency
A MASTER can also be called
ruler
original
third party
employer
When a negligent agent is responsible when departing from doing the principal’s business, it is called
power of attorney
frolic and detour
servant
agency
A man negotiates a fantastic movie role for a star. The star never hired the man to do this but the star thinks it’s a great opportunity and wishes to sign the contract. This is an example of agency by ratification.
True
False
When a hospital administrator orders a nurse to paint the outside of the hospital, this is an example of work that is outside the scope of the nurse’s employment.
True
False
When an ice cream seller drives around a neighborhood wearing a uniform, operating a company truck, and offers to mow peoples’ lawns, this is an example of apparent agency.
True
False
An insurance agency hires an outside consulting firm to come in and evaluate how to make the insurance company more efficient. It’s up to the consulting firm how it will accomplish this job. This is an example of an independent contractor.
True
False
An agent who is authorized to do everything the principal is entitled to delegate is a(n):
implied agent
universal agent
agent in fact
third person
VICARIOUS LIABILITY can also be called
respondeat superior
fault
conflict of interest
duty of loyalty
When an ice cream seller drives around a neighborhood wearing a uniform, operating a company truck, and offers to mow peoples’ lawns, this is an example of apparent agency
True
False
A person who contracts to do work for another person in her own way, controlling the means and method by which work is done but not the end product, is:
a third party
master
employee
independent contractor
A bailee who is sometimes called a consignee is a(n)
agent
agency
factor
servant
An agent’s knowledge that is binding upon his principal because of his agency relationship is ___________
imputed knowledge
implied authority
with a third party
principal
A(n) is an agent authorized to perform a particular act for a principal
cosigner
general agent
third party
special agent
The person for whom the agent acts is called a(n) _____
manager
principal
special agent
cosigner
A written instrument giving another authority to perform a certain act
contract in lieu
power of attorney
universal agent
factor
A power of appointment that includes an interest in the thing itself, such as the power and interest of a partner in a business who is given the right to manage the business as security for loans he has made to the partnership, is:
respondeat superior
an implied authority
a power coupled with an interest
an undisclosed agency
A man negotiates a fantastic movie role for a star. The star never hired the man to do this but the star thinks it’s a great opportunity and wishes to sign the contract. This is an example of agency by ratification.
True
False
Sometimes, outsiders known as aren’t aware of the existence of an agency relationship between agent and principal
spy
third party
power of attorney
agency
An agent authorized to perform all acts connected with the business of the principal is a(n)
general agent
power of attorney
special agent
implied agent
ESTOPPEL can also mean
encouragement
universal agent
stop
prohibition
CONSIGNEE can also be called
alter ego
receiver
obligation
third party
A liability imposed upon a person because of the act or omission of another is called
vicarious liability
principal
estoppel
consignment
The relationship that exists in law between a principal and an agent is a(n) ___
implied agency
power of attorney
agency relationship
employment
An employee can also be named
manager
servant
power of attorney
agency
There is a fully disclosed agency when an agent reveals he is acting for a principal and gives the name of the principal he represents.
True
False
A general power of attorney might be used to allow another to sign a person’s checks or conduct business on his behalf while he is out of town.
True
False
When an agent is told to negotiate a contract for the sale of diamonds and follows instructions exactly, this is known as an unauthorized act.
True
False
