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BL - Chapter 13

Total questions: 21

Worksheet time: 12mins

Name
Class
Date
1.

A person who authorizes someone to represent his or her interests is called a principal.

a)

True

b)

False

2.

The person with whom the agent does business on behalf of the principal is called the agent’s agent.

a)

True

b)

False

3.

In a master-servant relationship, the person performing a task is the master.

a)

True

b)

False

4.

A gratuitous agent represents a principal for free.

a)

True

b)

False

5.

When a principal’s actions lead the third party to believe that the agent is working for the principal, it is called agency by statute.

a)

True

b)

False

6.

Which of the following is not a type of agent?

a)

special agent

b)

general agent

c)

agent's agent

d)

new agent

7.

Which of the following is not a special agent?

a)

a counterperson at a video store

b)

the owner of a company

c)

a pizza delivery person

d)

a car sales person

8.

Which of the following is a type of power of attorney?

a)

a super power of attorney

b)

a limited power of attorney

c)

an apprehensive power of attorney

d)

None of the above

9.

Which is a type of agent authority?

a)

blatant authority

b)

constructive authority

c)

apparent authority

d)

zero authority

10.

Who appoints an agent’s agent?

a)

another agent

b)

the principal

c)

a third party

d)

a coagent

11.

When apparent authority is based on previous dealings, what is it known as?

a)

implied authority

b)

assumed authority

c)

customary authority

d)

None of the above

12.

Who authorizes someone to represent his or her interest?

a)

principal

b)

agent

c)

third party

d)

lawyer

13.

An ______________________ is a type of working relationship in which one person represents another person in a business transaction with a third party.

a)

mutual relationship

b)

agency

14.

An ___________________________________________ works for a proprietor to perform a particular task using his or her own tools and deciding the best way to do the job.

a)

independent contractor

b)

servant

15.

When an agent performs a task they are not authorized to do, the principal can either ignore the action made by the agent or _________________________________ the action.

a)

ratify

b)

uphold

16.

___________________________________ comes from the orders, commands, or instructions a principal explicitly gives an agent.

a)

express authority

b)

implied authority

17.

Another term for general agents is ____________________________________________.

a)

nondiscretionary agents

b)

discretionary agents

18.

Another term for special agent is __________________________________________.

a)

limited agent

b)

unlimited agent

19.

List the four types of work relationships.

(a)  

20.

List the three types of power of attorneys.

(a)  

21.

Can anyone be a principal?

a)

Yes

b)

No

c)

Maybe so