Question

True or False:

1. If Smith transfers a parcel of real property by deed to Jones on April 1, 2020 and Smith transfers by deed the same property to Andrews on April 10, 2020, the rightful owner of the property may be Jones or Andrews depending on state law.

2. The sales of real property terminates any mortgage's interest in the property.

3. If a principal does not give notice to third parties who have had prior dealing with an agent for the principal that an agency relationship has been terminated, the terminated agent still has the authority to bind the principal.

4. A principal is not liable on a contract negotiated by his or her agent on behalf of the principal unless the relationship of the principal and agent is disclosed to the other party at the time the contract becomes effective.

5. A corporation is ordinarily liable under the doctrine of respondent superior for the harm caused by an independent contractor in the course of doing work for the corporation.

Answer 1

1. Jones, as once property is transferred, Smith is no longer the owner of the porperty so he can't tranfer the porperty without the ownership rights.

2. False, Mortgage remains even after Sale.

3. True, To protect third parties who rely on such a reasonable appearance of authority, an agent's apparent authority often persists after termination. Thus, a former agent may be able to bind the principal under his apparent authority even though the agency has ended.

4. False, he can still be held liable.

5. True. If contractor was working as an agent.

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