The relationship of agency exists when one person has the authority to
The person who authorizes another in an agency relationship is the
Any agreement reached by the representative in an agency relationship binds
The range of acts authorized by the principal is
Examples of fiduciary duties would not include
A warranty of the principal's capacity is imposed by law on the
Direct communication by the principal to the agent whether oral or written is
When the principal's words or conduct create an authority, it is called
Savannah wrote a letter to Dusty giving him the authority to buy and sell stocks on her behalf. What was, in fact, created in this situation?
Grant is a high school basketball player. Although he is a minor, he wants to enter into contract negotiations with colleges. In this situation, which of these statements is true?
The fiduciary duty that binds the agent even years after the agency relationship has ended is
The principal has an obligation to the agent to
The power, but not the right to eliminate the agency at any time goes to
An agency may be terminated by
If an agent mixes his funds with that of his principal, what fiduciary duty has the agent violated?
Which of the following as an agent's core duty to a principal?
Employment relationship can be established without
A common element for an employee and an independent contractor would be
Employment contract terms can be derived from
Employees that can be discharged at any time are
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