If the agent is disloyal to the principal a the

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If the agent is disloyal to the principal: A. the agency agreement automatically terminates and the principal may rescind the transaction. B. the principal has the right to collect any actual damages sustained as a result of the agent's disloyalty. C. the principal has a right to recover any profits earned as a result of his agent's disloyal conduct. D. All the above are correct. D. All the above are correct.
John hired Tim to sell his house. Which statement is correct?
HBR Accounting hired Denise, a CPA, to prepare tax returns. Which statement is correct?
1/3/15 12:50 AM Business Law Practice Exam #3 flashcards | Quizlet Jenny is a salesperson in a hardware store. As such, she:
Page 12 of 17
The doctrine of estoppel would most often apply in situations of: A. implied authority. B. apparent authority. C. transaction authority. D. actual authority. B. apparent authority.
Express authority can be created by:
Paula appointed Al to be her agent via a contract in writing that spelled out the scope of Al's authority. The contract provided that Al was not to disclose that he was acting on behalf of Paula. In entering into a contract for Paula, Al did not disclose to the third party that he was acting as an agent. In this case, the principal was:
1/3/15 12:50 AM Business Law Practice Exam #3 flashcards | Quizlet Page 13 of 17

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