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5 Written questions

4 Multiple choice questions

  1. a power given as security—including an agency coupled with an interest—is irrevocable
  2. consensual relationship authorizing one party (agent) to act on behalf of the other party (principal) subject to the principal's control
  3. duty owed by principal to pay agent for authorized payments made on principal's behalf
  4. person who authorizes another to act on her behalf

4 True/False questions

  1. independent contractorperson who contracts with another to do a particular job and is not subject to the other's control over the manner and means of conducting the work


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


  3. Tort Dutiesinclude the duty to provide an employee with reasonably safe conditions of employment


  4. duty to informan agent must maintain and provide the principal with an accurate account of money or other property that the agent has received or expended on behalf of the principal; an agent must not mingle the principal's property with any other person's property


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