10 - 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 6:27 PM Name Module 6 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 5 seconds out of 2 hours and Instructions Question 1 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 Selected Answer: [None Given] Correct Answer: reimbursement. 0 out of 2 points Question 2 Bubbly Soda Company hires Carlo to work on Bubbly's shipping dock, checking outgoing loads and dispatching Bubbly's drivers. With respect to Carlo, Bubbly is most likely Selected Answer: [None Given] Correct Answer: a principal. 0 out of 2 points Question 3 A fiduciary relationship allows parties to avoid obligations without liability. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 4 A fiduciary relationship involves trust and confidence. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 5 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. 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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Selected Answer: [None Given] Correct Answer: True Question 6 Bob, a salesperson at a Carpets Galore store, tells Dita, a customer, "Buy your carpet here, and I'll install it for half of what the store would charge." Dita buys the carpet, which Bob installs for half the store's price. Bob keeps the money. Bob has breached Selected Answer: [None Given] Correct Answer: the duty of loyalty. 0 out of 2 points Question 7 An agency relationship cannot exist in the absence of a formal agreement. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 8 KupaJava hires Lola to manage one of KupaJava's seven drive- through coffee stands. KupaJava agrees to pay Lola a salary, plus commission. KupaJava stipulates the standards that should be observed, the goals that should be attained, and the methods that should be used. Lola is most likely KupaJava's Selected Answer: [None Given] Correct Answer: employee. 0 out of 2 points Question 9 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
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10 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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