Liberty BUSI 301 Connect Homework Chapter 10 Answers Complete Solutions
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A third party’s belief that an agent is acting on behalf of the principal must be .
Under an agent’s duty of , she must act as a reasonable person when conducting business on behalf of the principal.
Actual authority, apparent authority, and ____ are the primary sources of an agent’s power.
A(n) agency is where the third party is completely unaware that an agency relationship exists.
Which of the following act on behalf of a principal, but do not receive compensation?
An agency relationship may be terminated by a(n) action of the parties.
The duty to requires the agent to follow the lawful instructions of the principal
The negligent doctrine has been used by courts to impose liability on employers when employees have a high level of public contract or the employees are entrusted in caring for vulnerable populations
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In which of the following instances would the principal not have an obligation to reimburse the agent?
The principal and agent are both liable in which of the following relationships?
A principal gives authority to an agent by either an express agreement or implied authority.
If an agent’s breach of duty resulted in a principal becoming liable to a third party, then the agent must: .
If an employee’s actions results in harm only to a third party’s emotional state, reputation, or is a purely economic loss, then the principal is: .
torts by an agent are normally outside the scope of employment and no liability is imposed on the employer unless the agent’s action has a close connection to the employer.
An agent has the right to be reimbursed and by the principal.
An agency relationship is usually created by a(n) __ agreement
The creation of an agency relationship is defined in terms of
__ occurs when an agent agrees to act for the principal.
Which of the following defines the tasks and objectives of the agency relationship?
Actual authority, __ authority, and ratification are an agent’s primary sources of power.
Actual authority may be __ through custom or prior dealings.
When the agency relationship is __ disclosed, the agent is not liable to the third party.
A __ disclosed agency relationship is one where the third party is aware the agent is acting on behalf of a principal, but the identity of the principal is unknown.
Principals are generally not liable for the negligent acts of __
Before an employer will be responsible for the negligent acts of an employee, the negligent act must have occurred __
Duties that define an agency relationship are collectively called a __ duty.
Refraining from self-dealing and acting solely for the benefit of the principal are agent requirements under the duty of: __
An agent does not violate the duty of obedience if the agent refuses to perform __
The duty of due care requires the agent to act in a __ manner when conducting agency business.
Disclosing negatives and keeping the principal informed are requirements under the duty of
An agent must keep appropriate written records for any money received or spent in the course of agency business under the duty to: __
