Chapter 19: Agency and Liability to Third Parties

In an express agency relationship, the agent has ______________ authority.

__________ holds the principal-employer liable for any harm caused by the agent-employee during the time that the agent-employee is working for the principal?

_____________ is generally defined as a relationship between a principal and an agent?

True or False

Agency law is primarily federal law.
True False

___________ is a term used to describe the duty of an agent to communicate any information to the principal that the agent thinks could be important to the principal?

True or False

The equal dignity rule requires that all agency agreements be in writing.
True False

True or False

In order to properly provide notice of the termination of an agency relationship, actual notice of agency termination must be given to third parties who have had business interactions with the agent.
True False

What is true regarding liability of a principal to an agent based on a contract an agent makes with a third party that expressly excludes the principal from the contract?

In which types of agency relationships is the agency relationship inferred from the conduct of the parties?

If a manager has business transactions in one of the European Union countries and wants to terminate an agency relationship, he or she would want to have access to knowledge about which of the following?

True or False

Singapore outlawed the use of electronic contracts.
True False

What is a document that gives an agent authority to sign legal documents on behalf of the principal?

What is true under the UCC regarding liability of a principal to an agent if the agent enters into a contract that is a negotiable instrument?

To what is the employer-employee relationship subject?

True or False

All employees are agents of their employers, and all agents are employees.
True False

What four thing is a form of authority upon which an agency relationship may be based?

What are 3 types of business relationships to which agency laws are relevant?

Whenever an employer hires an employee to perform some sort of physical service, the parties have created an ______________ relationship.

True or False

Employers are generally liable in tort for the actions of their employees while they are generally not liable for the actions of independent contractors.
True False

____________ refers to the right of a principal to sue an agent to recover any amount assessed against the principal for a breach of contract caused by the agent's negligence?