31 mrs oleary hired jenna to sell her house in

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31. Mrs. O'Leary hired Jenna to sell her house in Michigan. She executed a power of attorney in favor of Jenna authorizing her to do "anything and everything associated with the sale of real estate, acting as a prudent person." On May 30, Jenna finalized a deal with Brandon for the purchase of the house. Brandon and Jenna signed the real estate contract that day. Jenna learned the next day that Mrs. O'Leary had died May 29. A. The contract is void since the agency terminated May 29. B. The contract is valid since the agency’s purpose was achieved before Jenna was notified of Mrs. O'Leary's death. C. The contract is voidable at the option of Mrs. O'Leary's estate. D. The contract is voidable at the option of Brandon. Your Response: A Points Earned: 1/1
32. Jim agreed to show Donna's car to a potential buyer. Donna was not able to be home since she had to attend a meeting. After showing the car, Jim left the keys in it and the car was stolen. Which statement is correct? Points Earned: 1/1
33. Tom, the production manager at Esday, was told by his supervisor to hire Elton, a 15- year-old, to operate an industrial machine. Hiring the 15-year-old violates the child labor laws. Tom: Points Earned: 1/1
34. The death of the agent:
Points Earned: 1/1 Your Response: A 35. Linda borrowed $2,500 from Tonya. They agreed that Tonya could take a grouping of Linda's antiques as collateral. If Linda could not pay, then Tonya could sell the antiques to recover her money. When Linda could not pay off the loan, Tonya sold the antiques and paid Linda the proceeds after deducting the balance of the loan. Which of the following statements is correct? A. This is an irrevocable agency relationship. B. This is a power coupled with an interest. C. Linda has neither the power nor the right to terminate the relationship. D. All the above are correct.

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