Question

Please answers the below True/False and Multiple choice questions from Business Law. (Please provide a brief...

Please answers the below True/False and Multiple choice questions from Business Law. (Please provide a brief explanation to answers)

Chapter: Agency Relationships

1. “By definition, independent contractors are not employees.” True/False

2.   John lies and tells Bill that he, John, is Mike's agent, when he is not. Bill enters into a contract with John for the benefit of Mike. Mike can still ratify the contract John entered into for him. True/False

3. In #2 above, when John lied, he created an agency by estoppel. True/False

4. As a general rule, death of a principal terminates an agency as a matter of law. True/False

5. Employers are generally liable for all intentional torts committed by their employees if they occur on the job, even if they have no relation to their employment. True/False

6. A power of attorney is a special type of agency relationship where the agent must be a licensed attorney. True/False

7. Actual authority of an agent may be express, implied, or apparent. True/False

8. Respondeat superioris a type of vicarious liability. True/False

9. An alleged principal's ratification of a contract entered into by a person who was not her agent can only be express, it may not be by implication. True/False

10. When an agent has paid for the right to exercise authority for a business, the agency created is called an agency coupled with an interest. True/False

11. A special agency is open-ended and not limited to a particular transaction or series of transactions; it is an agency where continuous service by the agent is expected. True/False

12. An agent can have two general classes of authority, actual and apparent. True/False

13. In a disclosed agency situation where the third party knows who the principal is, the third party can sue the principal or the agent if the principal breaches the contract. True/False

14. John is an employee of XYZ Co. While making a delivery, he stops at the 7-11 store to get a cup of coffee. While pulling out of the store's parking lot (back on his way to make his delivery) he negligently causes an automobile accident. His employer is not liable because he was not at the 7-15 to further his employer's business. True/False

16. Employers are generally liable for the negligence of their independent contractors that causes injury to innocent third parties. True/False

Homework Answers

Answer #1
  1. True independent contractors are not employees as they do not work regularly like employees do ,but they work as required.
  2. True Mike can still rectify the contract John entered into for him because this contract is a fraud contract.
  3. False he didn't created and agency by estoppel.
  4. False death of a principal doesn't terminates an agency as a matter of law.
  5. False, employees are only liable for the international torts committed by the employees which has relation to their employment.
  6. True a power of attorney is a special type of agency relationship where the agent must be a licensed attorney.
  7. True actuall authority of an agent may be Express ,implied or  apparent.
  8. True respondeat superior is a type of vicarious liability.
  9. False an alleged principle stratification contact entered into by a person It was not her agent can only be expressed it can also implement.
  10. True when an agent has paid for the right to exercise authority for a business. Agency created is called an agency coupled with and interest.
  11. False special agencies are authorised to conduct only single transaction or specified series of transaction over a limited period of time.
  12. False an agent can have only Apparent class.
  13. True third party can sue the principal or the agent if the principal breaches the contract.
  14. False his employee is liable to it as John was on his work and during long work if you employee gets hungry or Thisty ,they can eat food or drink as its comes under humanity Which an employeer should understand.
  15. False employeers are generally not liable for the negligence of the independent contractor that cause injury to innocent third parties.
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A Which of the following statements is NOT true regarding apparent authority? Multiple Choice Apparent authority...
A Which of the following statements is NOT true regarding apparent authority? Multiple Choice Apparent authority is a type of actual authority. Apparent authority may arise from customs in the trade. Former agents also may possess apparent authority if the principal does not notify third persons of the termination of the agency relationship. A principal who is bound to a contract with a third person based on an agent’s apparent authority may sue the agent for damages. B. Which of...
Which of the following is not a breach of an agent's duty of obedience? a. Refusing...
Which of the following is not a breach of an agent's duty of obedience? a. Refusing to follow the principal/employer's instruction to misrepresent the quality of a competitor’s goods to a potential customer. b. Improperly delegating her authority. c. Committing a tort for which the principal is liable. d. Entering into an unauthorized contract for which his or her principal is liable. The operation of agency involves at least three persons. True False An agency: a. must be created with...
True or False: 1. If Smith transfers a parcel of real property by deed to Jones...
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...
Which of the following is true regarding an agency coupled with an interest? Multiple Choice It...
Which of the following is true regarding an agency coupled with an interest? Multiple Choice It falls within the general rule that either party has the power to terminate an agency. It is an exception to the general rule that either party has the power to terminate an agency and arises when the power is given as a security. It is an exception to the general rule that either party has the power to terminate an agency and arises when...
BUSINESS LAW 1 (3 Questions) 3 1 . If the statute or statutory scheme granting authority...
BUSINESS LAW 1 (3 Questions) 3 1 . If the statute or statutory scheme granting authority to an administrative agency fails to give the agency guidance or set conditions or standards that the agency must follow, the statute will likely be found to be: a) void for vagueness b) an unconstitutional delegation of legislative authority c) executive overreaching d) broad, but enforceable ____ 3 2. If one jointly and severally liable tortfeasor pays all of the plaintiff’s damages, he can...
1. Which of the following is true of apparent authority? A. It arises when an agent...
1. Which of the following is true of apparent authority? A. It arises when an agent falsely claims to be acting under the authority of a principal. B. It requires express authorization, in words or writing, from the principal to the agent. C. It arises when the principal leads a third party to reasonably believe that an agent is authorized to act for the principal. D. It can only arise when the principal owes the agent a fiduciary duty. 2....
Multiple Choice: Please select the correct answer 1. Progress payments are generally issued A - whenever...
Multiple Choice: Please select the correct answer 1. Progress payments are generally issued A - whenever the contractor submits the bill B - whenever the subcontractor submits the bill C - every 45 days D - every 30 days 2. In order to pay the progress payment, who must certify the amount? A - the contractor B - purchasing agent C - design professional D - the owner 3. Retainage is generally withheld from each process payment. The process of...
1. Directors and officers are not prohibited from entering into transactions with the corporation. true false...
1. Directors and officers are not prohibited from entering into transactions with the corporation. true false 2.A basic principle of corporation law is that: here is an established market for the stock. 3.Vacancies on the board can be filled: a.by appointment by the chief executive officer of a corporation b. only by a vote of the shareholders c.by appointment by the chairperson of the board d. only by a vote of the corporation's employees 4.A corporation is liable for all...
QUESTION 1 A contract induced by improper threats or undue influence is void. True False 1...
QUESTION 1 A contract induced by improper threats or undue influence is void. True False 1 points    QUESTION 2 A contract made by a person under guardianship is voidable. True False 1 points    QUESTION 3 A contract with a minor remains in force unless the minor decides that he or she does not wish to be bound by it. True False 1 points    QUESTION 4 A person who was intoxicated at the time he made a contract...
Business Law - Contracts 1.         All agreements made between two consenting adults are legally enforceable.            ...
Business Law - Contracts 1.         All agreements made between two consenting adults are legally enforceable.             a. True             b. False 2.         The essential elements of contract formation are:             a. mutual assent, consideration, capacity, and fairness             b. consideration, legality, capacity, and enforceability             c. legality, capacity, a written document, signatures by all parties             d. mutual assent, capacity, consideration, legality             e. none of the above 3.         Generally speaking, oral contracts are just as legally binding as written...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT