Acct 324 - Ch. 33
Kyle was on the faculty of a major university. He had been directed by his dean to travel to a conference and interview possible candidates for various faculty positions. When Kyle returned, his dean demanded the receipts for his trip. The dean is allowed to request this information and Kyle must comply under the duty of: ________. Multiple choice question. accounting indemnification loyalty performance
accounting
If a contract exists and the principal agrees to certain conditions, but fails to perform them, the agent may seek court assistance in forcing the principal to: _______. Multiple choice question. pay punitive damages to the agent create another contract with the agent terminate the agency relationship perform the contract as specified
perform the contract as specified
In an agency relationship, the person who hires the agent is known as the: _______. Multiple choice question. recruitment officer agent third party principal
principal
A principal owes specific duties to: _______. Multiple choice question. a third party who has no dealings with the agent an independent contractor the agent another principal
the agent
Powers of attorney are often given for: _______. Multiple choice question. familial and business purposes health care and business purposes child custody and divorce purposes legal and creative purposes
health care and business purposes
Agents have a right to remedies such as: ________. Multiple choice question. tort and contract remedies and a right to demand an accounting tort remedies only and not contract remedies only contractual remedies only an accounting from the principal.
tort and contract remedies and a right to demand an accounting
Agency through ______ authority cannot conflict with any _______ authority that has been given. Multiple choice question. express, implied implied, apparent implied, express apparent, express
implied, express
A principal's obligation to pay an agent for his or her services is called the ________ ____ ___________
duty to compensate
The Restatement of Agency defines a person who contracts with another to do something for him, but is not controlled by him nor subject to the other's right to control with respect to his physical conduct in the performance of the undertaking, as an: _______. Multiple choice question. employer principle employee agent independent contractor
independent contractor
In a principal-agent relationship, the duty of loyalty requires that the agent ______. Multiple choice question. keep confidential any information about the principal must keep an accurate account of all the transactions of money made on the behalf of the principal. communicate any information he or she thinks could be important to the principal perform the duties as specified in the agency agreement
keep confidential any information about the principal
Kyle was on the faculty of a major university. He had been directed by his dean to travel to a conference and interview possible candidates for various faculty positions. When Kyle returned, his dean demanded the receipts for his trip. The dean is allowed to request this information and Kyle must comply under the duty of: ________. Multiple choice question. indemnification loyalty performance accounting
accounting
______ are agents of an employers. Multiple choice question. Principals Employees Contractors Fiduciaries
Employees
The duty of ______ requires the agent to keep an accurate account of the transactions of money and property made on behalf of the principal. Multiple choice question. loyalty obedience notification accounting
accounting
The duty of ______ requires the agent to keep an accurate account of the transactions of money and property made on behalf of the principal. Multiple choice question. notification loyalty obedience accounting
accounting
Powers of ______ can be given for business and health care purposes. Multiple choice question. implication speech attorney apparent agency
attorney
When courts are deciding whether a worker is an employee or an independent contractor, the most important consideration is ______. Multiple choice question. employer control employee pay grade employer opinion employee work hours
employer control
A(n) ______ agent is one who is not paid for his or her services. Multiple choice question. implied gratuitous free apparent
gratuitous
An agency relationship, like a contract, can only be made for: _______. Multiple choice question. sports-related purposes buying and selling a lawful purpose business purposes
a lawful purpose
An agency relationship can be formed through the implied ______ of the parties. Multiple choice question. consent power agency conduct
conduct
Agency by agreement is a(n): _______. Multiple choice question. agency by ratification agency by estoppel implied agency expressed agency
expressed agency
A(n) ______ agent is one who acts without consideration. Multiple choice question. implied free gratuitous apparent
gratuitous
An agency relationship that is formed through the conduct of the parties is known as an agency by ______ authority. Multiple choice question. gratuitous apparent implied express
implied
If there is no agency agreement or the contract is for personal services, and the principal fails to perform as agreed, the agent may: _______. Multiple choice question. not recover anything without a contract only force the employer to perform any implied duties that existed up until the time the agent filed an action with the court recover for services rendered and future damages have the court force the principal to perform his or her duties as understood through the conduct of the parties
recover for services rendered and future damages
The principal has the duty to indemnify or reimburse the agent for any losses the agent incurs: _______. Multiple choice question. for any activity that the agent carries out, whether at the principal's express instructions or not if that agent loses any money due to the fault of the agent at any time the agent is acting outside the scope of his or her authority while working within the scope of authority on the principal's behalf
while working within the scope of authority on the principal's behalf
Identify true statements about agency relationships. (Check all that apply.) Multiple select question. They can be formed by formal written contracts. They are consensual. They can be formed by a minor through an agent. They can be formed by informal oral agreements.
They can be formed by formal written contracts. They are consensual. They can be formed by informal oral agreements.
______ is a fiduciary relationship of trust, confidence, and good faith. Multiple choice question. An agency relationship Only the employer-employee relationship An independent contractor relationship A contractual relationship
An agency relationship
Identify the issues most likely to be associated with the employer-employee agency relationship? (Check all that apply.) Multiple select question. Tort law Contract law Tax law Discrimination law
Tort law Tax law Discrimination law
Peggy made a contract on behalf of Kay to purchase some sports equipment for Kay. Kay had never formally entered into an agency agreement with Peggy, but Peggy claimed she was the agent for Kay. If Peggy negotiates an order for the sports equipment, shows that agreement to Kay, and Kay signs off on the contract, then Kay and Peggy have: _______. Multiple choice question. no agency relationship an agency relationship by ratification an agency relationship by apparent authority an agency relationship by estoppel
an agency relationship by ratification
Ted hired three men from the Trim-a-Tree Company to take a large, dead tree down in his back yard. The men came to Ted's house with their own tools and proceeded to cut the tree down. The relationship between Ted and the men he hired is: _______. Multiple choice question. implied principle-agent principal-agent agency employer-independent contractor employer-employee agency
employer-independent contractor
Suppose a principal falsely leads a third party to believe a person is his or her agent. That relationship will be called an agency by ______. Multiple choice question. identification due process estoppel due diligence
estoppel
A(n) _______ is a person who has a duty to act primarily for another person's benefit. Multiple choice question. apparent agent agent fiduciary attorney
fiduciary
A principal has the duty of reimbursement and: _______. Multiple choice question. copyrights that the agent may be entitled to travel expenses of the agent, whether the agent is conducting the principal's business or not granting the agent free access to the principal's credit card indemnification of the agent
indemnification of the agent
The duty that describes the agent's requirement to keep all information about the principal confidential both during the agency relationship and after is known as the duty of: _______. Multiple choice question. indemnification loyalty care reimbursement
loyalty
Simon hired Becky as his agent. Becky's responsibilities included making real estate contracts on behalf of Simon. The agency agreement between Simon and Becky: _______. Multiple choice question. must be in writing may be either in writing or an oral agreement may be an oral agreement if it is witnessed by at least two witnesses must be an oral agreement
must be in writing
If an agent fails to communicate to the principal any offers from third parties or any information that the agent thinks could be important to the principal, that agent has failed in the duty of ______. Multiple choice question. loyalty notification indemnification compensation
notification
Raj informs his insurance agent that he wishes to purchase a comprehensive insurance policy for his house and all of the contents. His agent forgot to process the insurance. The following week, Raj's home caught on fire and suffered much damage. Raj could bring a claim against the agent for failure to exercise his duty: _______. Multiple choice question. of loyalty for indemnification of reimbursement to perform
to perform
A(n) _______ is a person who has a duty to act primarily for another person's benefit. Multiple choice question. attorney apparent agent agent fiduciary
fiduciary
The reason why it is so important to distinguish whether an individual is an employee or an independent contractor is that with an employee, the employer is liable to the employee for worker's compensation, workplace safety, employment discrimination and unemployment statutes while for the independent contractor, the employer is: _______. Multiple choice question. not liable for any of these things liable for workplace safety and worker's compensation liable for unemployment statutes only liable for employment discrimination only
not liable for any of these things
A sports company has hired a very famous athlete to endorse a line of sports products. The relationship between the sports company and the athlete is: _______. Multiple choice question. agency relationship by ratification employer-dependent contractor principal-agent employer-employee
principal-agent
Janelle was hired to work for the ACME construction company as a clerical worker. Janelle started getting a cough and headaches during work hours, and it was discovered that various toxic substances were present in the air. The ACME construction company has breached its duty: _______. Multiple choice question. of reimbursement for all of Janelle's medical costs of loyalty to provide safe working conditions to indemnify its workers as long as they are working within the course and scope of their employment
to provide safe working conditions
If the agent illegally benefits from the agency relationship, the principal may enact a(n) ______ trust on the goods, profits, or property in question. Multiple choice question. resulting actual constructive living
constructive
Cheryl is sixteen years old. Can she hire Jerry, a 20-year-old, as an agent to make contracts on her behalf? Multiple choice question. No, because Jerry is too young to act as the agent. No, because Cheryl is a minor and thus can't hire the agent. Yes, there are no age limits on being able to hire the agent. Yes, because Cheryl is sixteen and thus is over the legal age for hiring the agent.
No, because Cheryl is a minor and thus can't hire the agent.
Sondra works as an employee for a computer company. She has created a new software program that will revolutionize the way computers are used in the future. Who owns the rights to the software program that Sondra has developed? Multiple choice question. Sondra The employer All of the employees at the computer company No one....there are no intellectual property rights
The employer
If a person represents himself as an agent for an individual and that individual accepts the act of the person representing himself as the agent, this relationship is known as a(n) ______. Multiple choice question. employer-contract relationship agency by ratification agency by estoppel agency by apparent authority
agency by ratification
An agency by agreement that gives the agent the authority to sign legal documents on behalf of the principal is known as a power of ____. Multiple choice question. plantiff principal defendant attorney
attorney
Dee works for a software development company. She creates software codes that adhere to specific standards set by the company. She has to go to her office for 9 hours everyday and is expected to follow the company's policies and code of conduct. She receives a fixed pay that meets industry standards and is eligible for all benefits that a full-time worker at a company receives. The relationship between Dee and the company can be described as a(n) _______. Multiple choice question. agency by estoppel principal-agent relationship employer-employee relationship employer-independent contractor relationship
employer-employee relationship
Agency by implied authority cannot conflict with agency by: _______. Multiple choice question. express authority estoppel default ratification
express authority
Bobby and Dustin entered into an agency agreement using a written agreement. This kind of agency relationship is known as a(n): _______. Multiple choice question. expressed agency agency by estoppel agency by ratification implied agency
expressed agency
A principal always has the right of ______ so agents may not use the agency relationship to obtain goods or property for themselves if the principal desired to obtain the same goods or property. Multiple choice question. first refusal loyalty communication confidentiality
first refusal
When an agent is given power of attorney, the agreement ______. is valid if it is oral. needs to be ratified by the court. must be in writing. is considered invalid once the principal becomes competent.
must be in writing.
In an agency relationship, the agent is authorized to act for and on behalf of: _______. Multiple choice question. a third party the principal another agent a corporation
the principal
Gabriel sent Arthur on a trip to San Diego to hunt down some antique furniture that Gabriel was going to sell. Arthur had paid for his own ticket. Is Gabriel required to pay Arthur for his expenses on the trip? Multiple choice question. No, because even though the trip was for business purposes, all travel expenses are to be paid by the agent. Yes, because Arthur is Gabriel's agent and as such, he is entitled to reimbursement. Yes, because Arthur is Gabriel's agent and as such, he is entitled to rescission. No, because Gabriel is not required to pay anyone for travel expenses.
Yes, because Arthur is Gabriel's agent and as such, he is entitled to reimbursement.
Arlene wanted to give her friend, Marion, power of attorney over her affairs. To do that, Arlene and Marion will need Multiple choice question. a contract specifying the agreement between them. to petition to the court for formal approval of the power of attorney. a court order to make sure the agreement between them is to legal standards. a verbal agreement stating that Marion will act as Arlene's agent.
a contract specifying the agreement between them.
If the IRS determines that an independent contractor is really an employee, the employer will be liable for: _______. Multiple choice question. the fee that is associated with changing the status of that person to that of employee a fine to be determined only by the IRS all applicable taxes, such as Social Security and unemployment taxes all applicable back pay that is due to the independent contractor
all applicable taxes, such as Social Security and unemployment taxes
If the agent breaches his or her duties to the principal, and third parties sue the principal for damages, the agent can: _______. Multiple choice question. not be sued, since the agent has been indemnified against loss be sued by the principal for tort and contract damages not be liable for any loss by the principal, since the principal has a duty of loyalty to the agent be sued by the third party for tort and contract damages
be sued by the principal for tort and contract damages
Because of their fiduciary relationship, the agent has a responsibility to act in the interest of the principal including avoiding: _______. Multiple choice question. conflicts of personality conflicts in the duty of indemnification and the duty to reimburse duties that would further the ability for the agent to act on the principal's behalf conflicts of interest and protecting the principal's confidentiality
conflicts of interest and protecting the principal's confidentiality
Agency relationships are contractual relationships and the kind of remedies that are available are ______ remedies. Multiple choice question. partnership equity contract shareholder
contract
An agent who feels she is not being properly compensated, especially on commission, may demand an accounting and may withhold: ________. Multiple choice question. only property of the agent any money or property from the principal until whenever the agent decides it is proper to distribute the money and property only any money that is due to the principal because of the agent's undercompensation further performance of her duties until the principal supplies appropriate accounting data
further performance of her duties until the principal supplies appropriate accounting data
An agent who unlawfully signs a contract may have violated her duty of ______. Multiple choice question. obedience apparent authority reimbursement nullification
obedience
An agency by ratification is made when a third party reasonably believes that the "agent" is acting on behalf of the principal and that the principal accepts the acts of the agent. In addition, the principal must know all of the facts regarding the contract and the principal must: _______. Multiple choice question. ratify some part of the contract ratify the entire contract be present when the terms of the contract are written announce to the third party that the agency relationship exists
ratify the entire contract
An agent cannot represent both the principal and a third party because: _______. Multiple choice question. the agent cannot represent himself and the principal the agent has the duty to indemnify the principal there could be a conflict of interest. it is not fair to the principal
there could be a conflict of interest.
The principal's duty _______ means to assist the agent in the performance of their duties. Multiple choice question. to cooperate to reaffirm the contract to be loyal of notification
to cooperate
If a third party successfully demonstrates that he or she reasonably believed there was an actual agency relationship between two persons that had an apparent agency, then the principal must: _______. Multiple choice question. declare the agreements to be null and void and sue the agent for misrepresentation refuse to uphold the agreements made by the agent tell the third party that the agent had no real authority to enter into the agreements uphold any agreements made by the agent
uphold any agreements made by the agent
Donny was the employee of Sara. Sara had provided a computer tablet for Donny to use during his work activities. Donny was leaving Sara to take another job. Does the tablet belong to Donny or Sara? Multiple choice question. It belongs to Donny, since Donny was using the tablet in performing his activities and therefore, Donny gets to keep it when he leaves. It belongs to Donny, since Donny was given the tablet by Sara and therefore, according to common law, it belongs to Donny. It belongs to Sara, since she purchased it before Donny came on board. It belongs to Sara, since she was the principal and the principal owns anything the agent may possess through the agency relationship.
It belongs to Sara, since she was the principal and the principal owns anything the agent may possess through the agency relationship.
Providing safe working conditions is: _______. Multiple choice question. not a duty of the principal or the agent not a duty of the principal to the agent required of both the agent and the principal a duty of the principal to the agent
a duty of the principal to the agent
Bert was a real estate agent for Myra. Bert had purchased a piece of property for Myra, but when it came time to turn over the property, Bert held on to the property. In this case, Myra: _______. Multiple choice question. cannot get the property back, but she can terminate the relationship with Bert can do nothing. Although Bert has breached his fiduciary duty to Myra, there is nothing she can do can purchase comparable property and sue Bert for three times the purchase price of the substitute property can put a constructive trust on the property
can put a constructive trust on the property
Employees are: _______. Multiple choice question. apparent agents of the employer agents of the employer by ratification agents of the employer independent contractors of the employer
agents of the employer
When may a principal use the right of avoidance to nullify at his or her discretion any contract the agent negotiated? Multiple choice question. When the agent breaches his or her fiduciary duties When the principal is sued by a third party because of the negligence of the agent When the agent obtains and retains benefits acquired through the agency When the agent illegally benefits from the agency agreement
When the agent breaches his or her fiduciary duties
Bill announced to a group of car salesmen that he represented Harold for the purpose of buying Harold a new car. Bill negotiated with the salesmen on the price of a new car and even went so far as to sign a contract of sale. Harold had never authorized Bill to represent him in anything, but he was so happy with the deal that Bill negotiated that he accepted the contract for the car. Harold and Bill have a(n) _______. Multiple choice question. agency by ratification express agency agency by estoppel apparent agency
agency by ratification
dentify the main remedies that a principal has for breach of fiduciary duties in a principal-agent agency relationship. (Check all that apply.) Multiple select question. Reimbursement Constructive trust Avoidance Indemnification
Constructive trust Avoidance Indemnification
Identify the principal's duties in a principal-agent agency relationship. (Check all that apply.) Multiple select question. Indemnification Performance Compensation Loyalty
Indemnification Compensation
A(n) ______ is defined as the fiduciary relationship that results from the manifestation of consent by one person to another that the other shall act in his behalf and subject to his control, and consent by the other so to act. Multiple choice question. attachment consideration agency contract
agency
If the agent breaches his or her duties to the principal, the principal: _______. Multiple choice question. can do nothing until the agent is brought to court must honor the agency relationship until the court declares the end of the agency relationship can terminate his or her relationship with the agent only can terminate his or her relationship with the agent and seek remedies
can terminate his or her relationship with the agent and seek remedies
In agency by estoppel, the important conduct is how the principal acts to: _______. Multiple choice question. articulate whether there is an express agreement which is essential to the agency by estoppel third parties and the agent create the impression that the agent has the authority to act on behalf of the principal discourage the impression that an agency relationship exists between the parties
create the impression that the agent has the authority to act on behalf of the principal
When an agent is given broad authority to sign legal documents for the principal, this is known as a(n): ____. Multiple choice question. general power of attorney implied power of attorney expressed agency arrangement specific power of attorney
general power of attorney
A third party who believes that an agent is acting with actual or apparent authority may: ______. Multiple choice question. sue the principal for lack of loyalty not take any action against the principal, since the agent was only acting with apparent authority sue the principal for subornation sue the principal for any breach of contract
sue the principal for any breach of contract
Agency law is especially important for: _______. Multiple choice question. corporations doing business locally closely held corporations U.S. firms doing business globally multinationals doing business domestically
U.S. firms doing business globally
he most important factor in deciding whether a person is an employee or an independent contractor is: _______. Multiple choice question. whether the person has high-level skills or low-level skills whether the person has his or her own tools or has to use the employer's tools the degree of control the employer has over the individual's work whether the person works during the week or on weekends
the degree of control the employer has over the individual's work
If an agent negotiates a contract on behalf of the principal, but the contract is breached through the negligence of the agent, and if the principal is sued by the third party, then the principal can sue the agent: _______. Multiple choice question. to recover the amount assessed to the third party for any property the agent acquired during the agency relationship only for the court costs involved in the third party's suit against the principal for any and all monies given to the agent during the agency relationship
to recover the amount assessed to the third party
In general, an employer is liable for the: _______. Multiple choice question. worker's compensation of his independent contractor unemployment insurance for his independent contractor safety of his independent contractor torts of his employee
torts of his employee
Agency agreements usually do not need to be in writing unless the agent: _______. Multiple choice question. will enter into any contract is under the age of majority does not have the contractual capacity to understand an oral agreement will enter into a contract that the statute of frauds requires to be in writing
will enter into a contract that the statute of frauds requires to be in writing
Garth hired Marco to sell his house. If Garth refuses to let Marco show his house to interested buyers, Garth has failed in his duty of: _______. Multiple choice question. indemnification cooperation. reimbursement loyalty.
cooperation.
The law typically assumes that a principal is aware of all of the information: ________. Multiple choice question. revealed to the agent that the third party knew in the Restatement of Agency that was actually revealed to the agent or should have been revealed to the agent
revealed to the agent
The government agency that is interested in whether a person is an employee or an independent contractor for tax purposes is the: _______. Multiple choice question. IRS DOL OSHA SEC
IRS
Identify the true statements about a durable power of attorney. (Check all that apply.) Multiple select question. It can be enacted by the principal after he or she becomes incompetent. It becomes active only after a principal becomes incapacitated in any matter. It can be enacted preemptively by the principal. It is no longer valid after the principal's subsequent incapacity.
It becomes active only after a principal becomes incapacitated in any matter. It can be enacted preemptively by the principal.
The source of the definition of agency is the: _______. Multiple choice question. Restatement of Contracts Restatement of Fiduciaries Uniform Contracts Code Restatement of Agency
Restatement of Agency
When an agent breaches an agency contract or his fiduciary duties, which of the following remedies may the principal may use to nullify at her discretion any contract the agent negotiated? Multiple choice question. Compensation Right of avoidance Right to indemnification Constructive trust
Right of avoidance
Sally was the agent of Joe, a freelance writer. It was her task to find writing assignments for Joe at various magazines and newspapers. Sally was authorized to form contracts with these outlets and on one particular occasion, she made a lucrative deal with a local newspaper. She showed Joe the contract, but Joe was so busy that he forgot to write the article. The newspaper was so angry that they sued Sally for the losses they incurred as a result of Joe's negligence. Does Joe have a duty to indemnify Sally from these losses? Multiple choice question. No, because Sally should have known that Joe would forget the assignment. Yes, because Sally was not responsible for Joe forgetting the assignment. Yes, because Sally was acting within the scope of her authority and it was Joe's fault for failing to submit the assignment. No, because even though Sally was working within the scope of her authority, she was the one who made the contract, not Joe.
Yes, because Sally was acting within the scope of her authority and it was Joe's fault for failing to submit the assignment.
The duty of performance requires the agent to act with the same skill, care, and professionalism as: _______. Multiple choice question. anybody could with the minimal amount of effort any person in the same situation would provide any third party to the agent-principal relationship would a reasonable person in the same situation would provide
a reasonable person in the same situation would provide
If an agent fails in his or her duties to the principal, that failure provides for the basis for: _______. Multiple choice question. the reimbursement of the agent for any adverse action initiated by a third party a tort or contract action against the agent a tort or contract action against the principal the indemnification of the agent
a tort or contract action against the agent
If a principal fails to fulfill his or her duties to the agent, then that provides the basis for: _______. Multiple choice question. only a tort action against the principal a criminal action against the principal only a contract action against the principal a tort or contract action against the principal
a tort or contract action against the principal
According to the Copyright Act of 1976, an employer can order an employee to complete work at the request of the employer. This product is known as: _______. Multiple choice question. freelance work a work-for-hire intellectual property final output
a work-for-hire
When an employer hires an employee to perform some sort of physical service where the employee is under the control of the employer, this relationship is known as: _______. Multiple choice question. employer-employee relationship principle-agent relationship employer-independent contractor relationship offeror-offeree relationship
employer-employee relationship
Taylor was hired by Tom to rake his leaves. When Taylor was finished, Tom thanked him and shook his hand. Since nothing was said between the two about payment, then agency theory would say Tom owes Taylor: _______. Multiple choice question. a letter of recommendation for his good work no compensation, since nothing was said about the payment double the fair amount of compensation for Taylor's work fair compensation for his work
fair compensation for his work
A person who has the duty to act primarily for the benefit of another person is known as a(n) _____
fiduciary
In order to conduct business more effectively around the world, businesses will hire agents from the host country to: _______. Multiple choice question. help guide the business with respect to local laws and customs work at the company like the U.S. employees work in the U.S. branch of the company provide a goodwill gesture to the host country
help guide the business with respect to local laws and customs
Agency relationships are consensual relationships formed by: _______. Multiple choice question. only informal oral agreements. only formal written contracts. informal oral agreements or formal written contracts. the Restatement of Agency and the UCC.
informal oral agreements or formal written contracts.
A principal must authorize the power of attorney while she: _______. Multiple choice question. is of legal age is competent has 5 witnesses to the contract has two attorneys who draw up the contract
is competent
Daryl was an employment attorney who was retained by Jean. Jean wanted to file a discrimination case against her employer. Daryl agreed that she had a case and said he would file the case for her. If Daryl fails to file the action on time, Daryl has failed in his duty of: _______. Multiple choice question. indemnification performance loyalty confidentiality
performance
The duty which requires agents to perform their duties as required by the agency agreement is known as the duty of ______. Multiple choice question. performance reimbursement loyalty notification
performance
here are three types of business agency relationships, including: _______. (Check all that apply.) Multiple select question. offeror-offeree principal-agent employer-independent contractor employer-employee payor-payee
principal-agent employer-independent contractor employer-employee
When an employer hires an employee to enter into contracts on its behalf, this is known as a(n): _______. Multiple choice question. third-party beneficiary relationship employer-independent contractor relationship principal-agent relationship delegator-delegatee relationship
principal-agent relationship
Under the concept of an apparent agency, if the principal attempts to deny that an agency relationship existed, the third party must demonstrate that she: _______. Multiple choice question. was told that the agency relationship existed by the principal acted as if the relationship was a true agency relationship had gone to court where the judge had previously declared that an agency relationship existed reasonably believed, on the basis of the principal's conduct, that the agency relationship existed
reasonably believed, on the basis of the principal's conduct, that the agency relationship existed