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5 Written questions

5 Matching questions

  1. Duties of Agent to Principle
  2. Termination by Operation of Law
  3. Disclosed Principal
  4. What is Scope of Employment?
  5. How is principal-agency relationship created?
  1. a 1) Employment
    2) Powers of Attorney
  2. b ✦ 3rd Party knows or reasonably should have known A is P's agent
    ✦ Agent has no liability (personal) for broken contract
  3. c ✦ Work expressly directed to be performed
    ✦ Work reasonably incidental to work expressly directed
  4. d 1) Incapacity?
    2) Death?

    ✦ If Durable Gen or Special = not terminated
    ✦ If Plano Gen or Special = yes, terminated
  5. e ✦ Fiduciary Duty
    1) Obedience - if legal
    2) Reasonable care
    3) Loyalty
    4) Duty to account for $
    5) Duty to notify regarding changed customers

5 Multiple choice questions

  1. 1) Completion
    2) Revocations
    3) Quit
    4) Time
  2. Principle is not liable because of what Principle did, but because P's Agent did something for which P is held responsible
  3. ✦ If Employer-Employee = GENERAL RULE
    ✦ If Independent Contractor = then "boss" is not liable for independent contractor's actions
  4. ✦ Texas - GENERAL RULE - person is not within scope of employment while commuting to and from work
  5. 1) How is principal-agency relationship created?
    2) What is power of attorney? What are the types?
    3) What contractual liability can agent create for his principle?
    4) What tort liability can agent create for his principle?
    5) What is an independent contractor?

5 True/False questions

  1. Types of Powers of Attorney1) Actual
    2) Apparent

          

  2. General P of A✦ Agent authorized to do only specified things for Principle while Principle could legally do them
    ✦ IRS Form 2848

          

  3. Termination of P of A✦ Agent authorized to do everything Principle could legally do while Principle could legally do it
    ✦ If they aren't able to do something, then you can't act for them

          

  4. Revenue Ruling 87-41✦ When is "boss" responsible for paying employment taxes on workers
    ✦ 20 Factor Test - but not 1 factor is determinate

          

  5. GENERAL RULE✦ Agent authorized to do everything Principle could legally do while Principle could legally do it
    ✦ If they aren't able to do something, then you can't act for them

          

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