unit 3 exam study guide*.docx - 1 Agents have a duty to...

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1.Agents have a duty to always act in the best interest of the principal?
2.Corrie owns an apartment building and hires Justin to be the full time manager. His duties include collecting rent, day to day maintenance and handing tenant complaints?
3.Morse own an apartment building. As a favor Morse his friend lewis offers to watch over the building and respond the tenant complaints while he is out of town.
4.Creating an agency requires 1) the principal to _____ an offer to form an agency and 2) the agent to _____ to act for the principal
5.duties owed by an agent to the principal
6.Remedies available to the principal when an agent has breached the duty of loyalty?
7. Which of the following are included in the IRS's three-prong test to help determine the status of an agent?
9.The__________ permitted states to enact right-to-work laws whereby states may make it illegal for employers to agree with unions that union membership be required for continuing employment.
10.A group of eligible employees wants to form a union. Which step in forming a union sets the process in motion?
11.A company is in contract negotiations with their unionized employees. Union employees are unhappy with the progress of the negotiations, so they stage a strike by occupying the employer's facility without working. Under the NLRA, which of the following describes the union's actions?

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