NAME: ________________________

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5 Written Questions

4 Multiple Choice Questions

  1. 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
  2. an agent must use reasonable efforts to give the principal information material to the affairs entrusted to her
  3. consensual relationship authorizing one party (agent) to act on behalf of the other party (principal) subject to the principal's control
  4. duty owed by principal to pay for losses agent incurred while acting as directed by principal

4 True/False Questions

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

          

  2. principalperson who authorizes another to act on her behalf

          

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

          

  4. 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

          

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