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5 Written questions

4 Multiple choice questions

  1. an agent owes a duty of utmost loyalty and good faith to the principal
  2. 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
  3. 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
  4. duty owed by principal to pay for losses agent incurred while acting as directed by principal

4 True/False questions

  1. reimbursementduty owed by principal to pay agent for authorized payments made on principal's behalf

          

  2. principalconsensual relationship authorizing one party (agent) to act on behalf of the other party (principal) subject to the principal's control

          

  3. Irrevocable Powersduty owed by principal to pay agent for authorized payments made on principal's behalf

          

  4. duty to accountan 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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