17 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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NR275.BUS.241.35.SP11 - ([Spring 2011] BUS 241-35: Business Law I) Assignments ... Module 6 Practice Test Review Test Submission: Module 6 Practice Test Review Test Submission: Module 6 Practice Test User Kristen M Ritch Submitted 3/5/11 6:32 PM Name Module 6 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 8 seconds out of 2 hours and Instructions Question 1 An agency relationship may be created for any legal purpose. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 2 Without authorization, Rolf contracts on behalf of Sari to have Tige paint the interior and exterior of Sari's house. Sari ratifies the contract. Later, Sari tries to rescind the part of the contract relating to the exterior. This attempt will be Selected Answer: [None Given] Correct Answer: totally unsuccessful. 0 out of 2 points Question 3 The equal dignity rule does not apply to a corporate officer who, in an ordinary business situation, acts on behalf of his or her firm. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 4 A disclosed principal is not liable to a third party for contracts made by the agent acting outside the scope of his or her authority. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 5 A principal is not liable for an agent's fraud unless the agent has the apparent authority to commit torts. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points NR275.BUS.241.35.SP ([Spring 2011] BUS 241-35: Business Law I) Announcements Assignments Course Documents Discussion Board My Grades Communication Tools Resources
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Question 6 A principal owes an agent a duty of ratification. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 7 Commercial Development Corporation (CDC) hires Delta Construction Company to work at a site as an independent contractor. Whether CDC will be liable for torts committed at the site by Delta depends on Selected Answer: [None Given] Correct Answer: whether exceptionally hazardous activities are involved. 0 out of 2 points Question 8 A licensed professional can employ an unlicensed agent to perform professional actions. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 9 A power of attorney is a written document. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 10 Dizzy is not Edwina's agent but enters into a contract with Frida on Edwina's behalf. Edwina later contacts Frida to approve the contract. This is Selected Answer: [None Given] Correct Answer: an agency by ratification. 0 out of 2 points Question 11 Jody is an agent for Insta Cross Country Trucking Inc. In the course of Jody's performance for the firm, Jody pays Heck for certain vehicle maintenance and repair services. Jody's right to obtain the amount of those payments from Insta arises under the principal's duty of
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This note was uploaded on 03/16/2011 for the course BUS 241 taught by Professor Green during the Spring '11 term at New River Community College.

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17 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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