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of 13 available terms

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5 Written Questions

4 Multiple Choice Questions

  1. person 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. an agent owes a duty of utmost loyalty and good faith to the principal
  3. 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
  4. an agent must use reasonable efforts to give the principal information material to the affairs entrusted to her

4 True/False Questions

  1. principalperson who authorizes another to act on her behalf

          

  2. reimbursementa 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. indemnificationduty owed by principal to pay for losses agent incurred while acting as directed by principal

          

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

          

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