7 - 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 6:24 PM Name Module 6 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 6 seconds out of 2 hours and Instructions Question 1 Jim agrees to act on Kit's behalf, subject to Kit's control, and Kit trusts Jim to so act. This describes a relationship between Selected Answer: [None Given] Correct Answer: a principal and an agent. 0 out of 2 points Question 2 An agent can take advantage of an agency relationship to make a "secret" profit. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 3 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 4 Clu serves in a representative capacity for Digger. Elmo is injured through Clu's negligence. Digger may be liable to Elmo if Clu's conduct occurred Selected Answer: [None Given] Correct Answer: in the course and scope of Clu's employment. 0 out of 2 points Question 5 Before a principal can ratify a contract, the agent must withdraw 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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from the deal. Selected Answer: [None Given] Correct Answer: False Question 6 An agency relationship can be formed without consideration. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 7 A principal is not liable to a third party for any contract 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 8 Geoff serves in a representative capacity for Huck. To accomplish the objectives of this relationship, Geoff's authority can be implied Selected Answer: [None Given] Correct Answer: by custom. 0 out of 2 points Question 9 A principal is responsible for all intentional torts committed by an agent. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 10 An agency relationship may be created for any legal purpose. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 11 An agency relationship may not occur by operation of law in a family. Selected Answer:
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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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7 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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