NAME

Question types


Start with


Question limit

of 31 available terms

Advertisement Upgrade to remove ads
Print test

5 Written questions

5 Matching questions

  1. Termination by Acts of Parties
  2. Types of Powers of Attorney
  3. General P of A
  4. Agent (A)
  5. 20 Factor Test
  1. a 1) Completion
    2) Revocations
    3) Quit
    4) Time
  2. b ✦ Person who acts for another
    ✦"employee/worker"
  3. c 1) Instructions, 2) Training, 3) Integration, 4) Services Rendered Personally, 5) Hiring, Supervising, & Paying, 6) Continuing Relationship, 7) Set Hours of Work, 8) Full-Time Required, 9) Doing Work on Employer's Premises, 10) Order or Sequence Set, 11) Oral or Written Reports, 12) Payment by Hour, Week, or Month, 13) Payment of Business and/or Traveling Expenses, 14) Furnishing Tools and Materials, 15) Significant Investment, 16) Realization of Profit or Loss, 17) Working for More Than One Firm at a Time, 18) Making Service Available to General Public, 19) Right to Discharge, 20) Right to Terminate
  4. d 1) General
    2) Special
    3) Durable
  5. e ✦ Agent authorized to do everything Principle could legally do while Principle could legally do it
    ✦ If they aren't able to do something, then you can't act for them

5 Multiple choice questions

  1. ✦ Agent authorized to do only specified things for Principle while Principle could legally do them
    ✦ IRS Form 2848
  2. Yes! If A had the authority to enter into the contract
  3. ✦ When is "boss" responsible for paying employment taxes on workers
    ✦ 20 Factor Test - but not 1 factor is determinate
  4. Even if Principle didn't authorize Agent to act, Principle still bound if Principle ratifies Agent's actions
  5. 1) Incapacity?
    2) Death?

    ✦ If Durable Gen or Special = not terminated
    ✦ If Plano Gen or Special = yes, terminated

5 True/False questions

  1. 2 Types of Authority✦ Relationship between Principle and Agent. Agent acts under Principle's authority.
    ✦ Vertical Authority

    1) Express - clear, unequivocal authorization
    2) Implied - everything reasonably and customarily necessary

          

  2. Fiduciary Duty✦ Agent authorized to do only specified things for Principle while Principle could legally do them
    ✦ IRS Form 2848

          

  3. Commuting?✦ Person who acts for another
    ✦"employee/worker"

          

  4. Employer-Employee or Independent Contractor?1) General
    2) Special
    3) Durable

          

  5. Contractual Liability of Agent to 3rd Party - Is A personally liable to 3rd party under contract negotiated for P?✦ Depends
    1) Disclosed Principal
    2) Undisclosed Principal