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5 Written questions

4 Multiple choice questions

  1. person who authorizes another to act on her behalf
  2. imposed by law when a person (P) causes a third person (T) to believe that another person (A) has authority to act on P's behalf
  3. consensual relationship authorizing one party (agent) to act on behalf of the other party (principal) subject to the principal's control
  4. a principal must compensate the agent as specified in the contract, or for the reasonable value of the services provided, if no amount is specified

4 True/False questions

  1. Tort Dutiesa principal must compensate the agent as specified in the contract, or for the reasonable value of the services provided, if no amount is specified

          

  2. fiduciary dutyan agent owes a duty of utmost loyalty and good faith to the principal

          

  3. Irrevocable Powersa power given as security—including an agency coupled with an interest—is irrevocable

          

  4. duty to informan agent must use reasonable efforts to give the principal information material to the affairs entrusted to her

          

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