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Exam 20: Agency

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Question 1

Multiple Choice

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Meals n' More,Inc. ,a catering company,requires its customers to pay by check.Lyra,a Meals n' More driver,tells customers that they can pay her with cash.When Meals n' More learns of Lyra's collections,it takes no action to stop it.Lyra steals some of the cash.Meals n' More may suffer the loss under the doctrine of

A) apparent authority.
B) express authority.
C) implied authority.
D) no authority.

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Question 2

Multiple Choice

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Fact Pattern Ulani indicates that she is acting as an agent on behalf of an unnamed client-Thoroughbred Stallions,LLC-when she enters into a contract with Shana. -Refer to Fact Pattern 20-1A.Thoroughbred Stallions is

A) a disclosed principal.
B) a non-existent principal.
C) an undisclosed principal.
D) an unidentified principal.

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Question 3

Multiple Choice

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Diego is a truck driver for Entertainment Supplies Company (ESC) .Diego does exactly what ESC tells him.Diego is

An employee may not act in the capacity of an agent.

Rangler contracts with Siena to buy a certain horse for her.Rangler makes a deal with Timberline Stables,the owner of the horse,and makes a down payment.Siena fails to pay the rest of the price.Timberline sues Rangler for breach of contract.His right to hold Siena liable for any damages that he has to pay is the right of

An agent's authority to act on behalf of a principal must be actual and apparent.

Independent contractors have no control over the details of their work performance.

Remedies of the agent for breach of duty by the principal follow normal contract and tort remedies.

A principal owes his or her agent a duty to act in good faith.

Fact Pattern Ulani indicates that she is acting as an agent on behalf of an unnamed client-Thoroughbred Stallions,LLC-when she enters into a contract with Shana. -Refer to Fact Pattern 20-1A.Liability to Shana for nonperformance of the contract may be imposed on

Cory employs Daily Delivery Agency as an agent under a written agreement that describes the rights and duties of both parties.This is

BizOnline.com uses an electronic agent,or e-agent,to perform certain tasks in e-commerce.With respect to the e-agent's actions,BizOnline.com is bound by

Genetic Seed Company hires Howie to work on Genetic's shipping dock,accepting deliveries and dealing with other companies' drivers.With respect to Genetic,Howie is most likely

Under the doctrine of respondeat superior,an agent is liable for any harm to his or her principal.

Homer is an officer of Integrity Corporation.With respect to binding Integrity to contracts,Homer's authority

Fabulous Auto Sales,Inc. ,employs GR8 Collection Company as a collection agent.While repossessing a car from Hadji,one of Fabulous's customers,GR8 causes an accident in which Hadji is injured.Hadji can recover from

Normally,all employees who deal with third parties are deemed to be agents.

A principal may be liable for the tort of an agent committed within the scope of the agency or employment.

An agency coupled with an interest is an agency created for the agent's benefit.

When an agent fails to perform his or her duties,liability for breach of contract may result.