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Exam 26: Agency

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Question 21

Multiple Choice

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Geoff serves in a representative capacity for Huck.To accomplish the objectives of this relationship,Geoff's authority can be implied

A) by contradiction.
B) by custom.
C) by lack of reason.
D) under no circumstances.

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Question 22

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An agency can terminate once its purpose is achieved.

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Question 23

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Birgir and Roger have an agency relationship in which Roger is the agent and Birgir is the principal.Roger is empowered to enter into contracts that must be in writing under the Statute of Frauds.Roger's authority

Jim agrees to act on Kit's behalf,subject to Kit's control,and Kit trusts Jim to so act.This describes a relationship between

Sela agrees to act on Thom's behalf,subject to Thom's control,and Thom trusts Sela to so act.They set out the terms in a written document,which they both sign.This is

Under the law of agency,notice to the agent is notice to the principal.

A principal is not liable to a third party for any contract made by the agent acting outside the scope of his or her authority.

A principal has the right to control an agent's conduct in matters entrusted to the agent.

If a principal does not ratify an authorized contract,the prin?cipal is not bound.

Miklos employs Nathalie to handle a list of financial transactions on Miklos's behalf.This power will terminate on

Authority declared in clear,direct,definite terms is express authority.

A power of attorney can be given only to an actual attorney.

Under the Uniform Electronics Transactions Act,e-agents may enter into binding agreements on behalf of their principals.

A person must have contractual capacity to be an agent.

If a principal does not ratify an unauthorized contract,the principal is not bound.

Picabo drives a truck as an employee for Quik Delivery,Inc.Picabo would most likely be considered acting outside the scope of her employment if she

An independent contractor is an employer who controls his or her agent's performance.

Real estate brokers are independent contractors.

An agency relationship may occur by operation of law in a family.

Joli,acting within the scope of her authority for the Cake Bake Shop,contracts with Valley View Berry Farms to buy an assortment of fruit.Cake Bake is liable on the contract,and Joli is not,if Cake Bake is