15 - 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 6:31 PM Name Module 6 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 9 seconds out of 2 hours and Instructions Question 1 For an agent's implied authority to be effective, a principal must confirm it in writing. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 2 Tire Manufacturing Company employs Uri as an agent. To terminate Uri's authority, Tire Manufacturing must notify Selected Answer: [None Given] Correct Answer: Uri and any third parties who are aware of the agency relationship. 0 out of 2 points Question 3 Louis, a certified public accountant and an investor, and Maria, an insurance salesperson and a realtor, may create an agency relationship for Selected Answer: [None Given] Correct Answer: a legal purpose only. 0 out of 2 points Question 4 In considering the scope of an agent's implied authority, the test is whether the agent reasonably believed that he or she had the authority. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 5 A principal is responsible for all intentional torts committed by an 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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agent. Selected Answer: [None Given] Correct Answer: False Question 6 A principal owes an agent a duty of accounting. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 7 Genetic Seed Company hires Howie to work on Genetic's shipping dock, accepting deliveries and dealing with other companies' drivers. With respect to Genetic, Howie is most likely Selected Answer: [None Given] Correct Answer: an agent. 0 out of 2 points Question 8 Lenore is the sole proprietor of Mall Kiosks. With respect to contracting for her own business interests, Lenore is Selected Answer: [None Given] Correct Answer: not an agent but does have the authority. 0 out of 2 points Question 9 Elle is an agent for Fine Cosmetics, Inc. Elle owes Fine Cosmetics the duty of Selected Answer: [None Given] Correct Answer: performance. 0 out of 2 points Question 10 Fitness, Inc. Jock tells Kym to reveal that she is buying the firm on behalf of a third party and to tell Lifetime's seller who that third party is. Jock is Selected Answer: [None Given] Correct Answer: a disclosed principal. 0 out of 2 points
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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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15 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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