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5 Written questions

4 Multiple choice questions

  1. an agent must act with reasonable care, competence, and diligence in performing the work for which he is employed
  2. person who authorizes another to act on her behalf
  3. an agent owes a duty of utmost loyalty and good faith to the principal
  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. duty to informan agent must use reasonable efforts to give the principal information material to the affairs entrusted to her


  2. 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


  3. agency by estoppelconsensual relationship authorizing one party (agent) to act on behalf of the other party (principal) subject to the principal's control


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


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