QUESTIONS CH 29 flashcards | Quizlet

QUESTIONS CH 29 flashcards | Quizlet - QUESTIONS CH 29...

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1/3/15 12:49 AM QUESTIONS CH 29 flashcards | Quizlet Page 1 of 6 Ready to study? Start with Flashcards QUESTIONS CH 29 39 terms by alexara3 If apparent authority is present, the principal is liable for even the unauthorized acts of the agent. TRUE If ambiguity is present as to the principal's intent, the court will look to the principal's subjective intent. FALSE If someone acts without authority, a "principal" can decide later to be bound by the actions as long as the "agent" indicates to the third party that he is acting for a principal, the "principal" knows all the material facts of the transaction, and the "principal" accepts the benefit of at least part of the transaction. FALSE If Denise is hired to work as a cashier, she has the implied authority to do acts reasonably necessary to carry out her job. TRUE The implied authority of an agent is the same an agent's apparent authority. FALSE Respondeat superior means "let the master answer." TRUE As a general rule, an agent is liable on contracts entered into on behalf of a fully disclosed principal. FALSE Erica's supervisor told her to arrange for a conference room at the Kelly Inn. Erica has express authority to contract for the room. TRUE
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1/3/15 12:49 AM QUESTIONS CH 29 flashcards | Quizlet Page 2 of 6 An act is not "within the scope of employment" if it is expressly forbidden, even if it is of the same general nature as an authorized act. FALSE The issue in apparent authority is what the principal has done to make the third party believe that the agent actually has authority. TRUE An employer is generally liable for the intentional wrongful acts of his or her employees. FALSE If a principal accepts the benefits of a whole unauthorized contract, the principal is deemed to have ratified the contract and is bound as if the act had been originally authorized.
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