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of 13 available terms

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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. 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
  3. 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. person who authorizes another to act on her behalf

4 True/False Questions

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


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


  3. fiduciary dutyan agent owes a duty of utmost loyalty and good faith to the principal


  4. agencyperson who authorizes another to act on her behalf


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