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

4 True/False questions

  1. principalperson who authorizes another to act on her behalf

          

  2. Tort Dutiesa 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. independent contractorduty owed by principal to pay for losses agent incurred while acting as directed by principal

          

  4. indemnificationa principal must compensate the agent as specified in the contract, or for the reasonable value of the services provided, if no amount is specified