BLA Chapter 17

Diamonds & Gold LLC hires Elle to buy gems and precious metals from various sources on its behalf. In this relationship, Diamonds is - an employee. - an independent contractor. - a principal. - an agent.

a principal

Gary drives a truck as an employee for Hauling Inc. Gary would most likely be considered acting outside the scope of her employment if he - crashed into a car at the airport while off duty. - hit a pedestrian in a parking lot during a "working" lunch. - ran over an attendant at a gas station while refueling the truck. - smashed into a store-front while intoxicated on-duty.

crashed into a car at the airport while off duty.

An agent must keep confidential any information acquired through an agency during the term of the relationship, but can disclose it after the agency ends. True False

False

Ben manages a warehouse and its inventory for Coffee Roaster Inc. To operate this part of the business, Ben's authority can be inferred - from the position Ben occupies. - by a reasonable party with whom Coffee Roaster does business. - to contradict Ben's express authority. - under no circumstances.

from the position Ben occupies.

The doctrine of respondeat superior imposes liability for an agent's tort on a principal without regard to the personal fault of the agent. True False

False

The duties that an agent owes a principal must be set forth in the agency agreement because they do not arise by operation of law. True False

False

Miklos employs Nathalie to handle a list of financial transactions on Miklos's behalf. This power will terminate on - any transaction causing a loss to Miklos. - Miklos's death or incapacity. - Miklos's sixty-fifth birthday. - Nathalie's handling of one of each stipulated transaction.

Miklos's death or incapacity.

Based on Nan's conduct, Odel reasonably believes that Poppy has the authority to act on Nan's behalf even though Poppy does not have the actual authority to do so. In this circumstance, Poppy has - apparent authority. - express authority. - implied authority. - no authority.

apparent authority.

Jon contracts with Kino to buy a certain number of sheep for Kino's Animal Farm. Jon makes a deal with Lila for the sheep, but neither Jon nor Kino pays the price. Lila sues Jon for breach. Jon's right to hold Kino liable for any damages is the right to - none of the choices. - compensation. - indemnification. - reimbursement.

indemnification.

Clark hires Dell, a real estate broker, to sell his beach house. The house is destroyed in a storm before it can be sold. Dell is Clark's agent - until Clark's insurer pays Dell's commission. - until the destroyed house is sold. - until the destroyed house is rebuilt and sold. - no more.

no more.