BLAW

Question 1

Formation of an agency (is/isn’t) required to be in writing.

Answer 1

Is NOT

Question 2

If torts are committed within the scope of the engagement, the corporation is liable under which doctrine?

Answer 2

Respondeat Superior

Question 3

When must an agency agreement be in writing?

Answer 3

If the agent is purchasing land

Question 4

A principal is required to reimburse, or ___________, the agent for expenses incurred, and is the only duty required for a _________ agent.

Answer 4

Indemnify / Gratuitous

Question 5

An agent’s relationship with the principal (is/isn’t) terminated BY LAW if the agent renunciates the agency.

Answer 5

is NOT

Question 6

If an agency-relationship is not contractual, ___________ remedies are not available.

Answer 6

Specific Performance

Question 7

Agents with undisclosed principals (have/don’t have) the same actual authority as if they had disclosed principals.

Answer 7

Have

Question 8

If an agent is dismissed, the principle must notify other parties that the relationship has ceased, otherwise they may be liable because of the former agent’s ________ authority.

Answer 8

Apparent Authority