BL 3.00 - Understand Employment, Agency, Environmental, Energy, And Intellectual Property Law (2 Of 4) Question Preview (ID: 45730)


3.02 - Understand Agency Law Essential Questions: What Are The Types Of Work Relationships? What Are The Different Types Of Agents? What Are The Duties Of Agents And Principals? TEACHERS: click here for quick copy question ID numbers.

Larry represented Moe in a real estate transaction when Moe sold his property to Shemp. What type of agency exists?
a) Gratuitous
b) Binding
c) Master
d) Partially Disclosed

Fred represented Harold in a real estate transaction when Harold sold his property to Nancy. What type of authority does Fred owe Harold?
a) Actual
b) Consensual
c) Fiduciary
d) Good

Fred represented Harold in a real estate transaction when Harold sold his property to Nancy. What type of trust does Harold expect of Fred?
a) Fiduciary
b) Consensual
c) Apparent
d) Actual

Fred represented Harold in a real estate transaction when Harold sold his property to Nancy. Who is the agent?
a) Fred
b) Bryan
c) Harold
d) Nancy

Mickey represented Donald in a real estate transaction when Donald sold property to Minnie. Who is the principal?
a) Minnie
b) Donald
c) Mickey
d) Nancy

Huey represented Louie in a real estate transaction when Louie sold property to Daisy. Who is the third party?
a) Daisy
b) Nancy
c) Louie
d) Huey

Clark got Lois to sell his car. When she agreed to become his agent, she had the power to legally bind him to a sales contract. They had a voluntary, consensual relationship. Lois DID NOT receive pay. Clark is the ...
a) Principal
b) Agent
c) Assistant Principal
d) Agency

Clark got Lois to sell his car. When she agreed to become his agent, she had the power to legally bind him to a sales contract. They had a voluntary, consensual relationship. Lois DID NOT receive pay. Lois is the ...
a) Gratuitous agent
b) General agent
c) Special agent
d) Secret Agent

Bruce is identified as Wayne’s agent by circumstance and created by law. Which term is used to describe Bruce in this situation?
a) Agency by estoppel
b) Independent contracting
c) Negligent hiring
d) Ratification

Which duty expects employers to properly maintain a healthy work environment?
a) Reasonable treatment
b) Accounting
c) Obedience
d) Reasonable skill

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