ch28 - contract while employed by RTV. Radio TV Reports,...

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Chapter 28 AGENCY: THE INSIDE RELATIONSHIP Practice Test 1. A broker owes his principal a duty to exercise due care and to act in good faith. Gregory violated this duty when he failed even to follow Bache's own procedures. He was liable to Mrs. Thropp. Thropp v. Bache Halsey Stuart Shields, Inc ., 650 F.2d 817 (6th Or. 1981). 3. A formal agreement, either written or oral, is not necessary to establish an agency relationship. Consent, control, and a fiduciary relationship are enough. United States v. German-American Vocational League, Inc. , 153 F.2d 860 (3rd Or. 1946). 5. CPA QUESTION (c). CPA Examination, May 1992, #6. 7. ETHICS Ingersoll violated his duty not to compete against his principal when he bid on the DOD
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Unformatted text preview: contract while employed by RTV. Radio TV Reports, Inc. v. Inger soll, 742 F. Supp. 19, 1990 U.S. Dist. LEXIS 10588 (D.D.C. 1990). 9. No. The Fellowship had no control over the trip to Perryville, and therefore there was no agency relationship. Lafayette Bank & Trust Co. v. Price, 440 N.E.2d 759 (Ind. Ct. App. 1982). 11. The court held that Western Pioneer was liable for Arlingtons legal fees. Arlington acted in good faith within the scope of its authority. If Western Pioneer had paid the Wilson claim when due, Arlington would not have had to undergo the expense of defending itself at trial. Wilson v. Arlington Auto Sales, Inc. , 743 S.W.2d 923 (1987)....
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This note was uploaded on 06/17/2011 for the course BUSINESS A ACG2071 taught by Professor Danso during the Spring '09 term at Palm Beach Community College.

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