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Answer the first 4 sub
parts, unless the student
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subject to a max. of 4 sub parts
Ans.
5.Special Agency.
6.True.
7.True.
8.Agency by Ratification.
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Business Law II Ch. 33- Agency Formation and Duties Professor Shane J. Egan Name Date 5....
Business Law II Ch. 33- Agency Formation and Duties Professor Shane J. Egan Name Date 1....
Business Law II Ch. 33- Agency Formation and Duties Professor Shane J. Egan Name Date 1. The relationship between a principal and an agent is generally known as an 2. A person who has a legal to duty to act with trust and confidence for another person's benefit is known as a 3. (True False) Agency relationships can be created only for a lawful purpose and almost anyone can serve as an agent. 4. A document giving an agent authority...
Business Law II Ch. 33- Agency Formation and Duties Professor Shane J. Egan Name Date 9....
Business Law II Ch. 33- Agency Formation and Duties Professor Shane J. Egan Name Date 9. A Power of Attorney (POA) survives a principal's incapacity. 10. When an employer hires someone and exhibits control over the time, place and manner of their performance this type of relationship is created 11. When an employer hires someone to perform a job/project and does not exhibit day-to-day control over their activities this type of relationship is created 12. According to the duty of...
Business Law II Ch. 34 - Liability to Third Parties Professor Shane J. Egan Name Date...
Business Law II Ch. 34 - Liability to Third Parties Professor Shane J. Egan Name Date I. A is a specific form of express authority, usually in writing, granting an agent specific powers. 2. A grants the agent express authority over specifically outlined acts. allows 3. A the agent to conduct all business for the principal. 4. (True/False) Powers of attorney always terminate on the principal's death. 5. The principal must be classified as either: 6. This term is given...
Business Law II - Chapter 35 Forms of Business Organization Name Date Fill in cach blank...
Business Law II - Chapter 35 Forms of Business Organization Name Date Fill in cach blank with the exact legal term. 1. A business organization in which the owner has total control and unlimited personal liability is known as a 2. (True False) Opening a sole proprietorship requires many legal formalities. 3. In this type of partnership, the partners divide the profits (usually equally) and the management responsibilities and share unlimited personal liability for debts. 4. A partnership in which...
Business Law II - Chapter 35 Forms of Business Organization Name Date Fill in each blank...
Business Law II - Chapter 35 Forms of Business Organization Name Date Fill in each blank with the exact legal term. 1. A business organization in which the owner has total control and unlimited personal liability is known as a 2. (True False) Opening a sole proprietorship requires many legal formalities. 3. In this type of partnership, the partners divide the profits (usually equally) and the management responsibilities and share unlimited personal liability for debts. 4. A partnership in which...
Business Law II Ch. 33- Agency Formation and Duties Professor Shane J. Egan Name Date 1. The relationship between a principal and an agent is generally known as an 2. A person who has a legal to duty to act with trust and confidence for another person's benefit is known as a 3. (True False) Agency relationships can be created only for a lawful purpose and almost anyone can serve as an agent. 4. A document giving an agent authority...
Business Law II Ch. 33- Agency Formation and Duties Professor Shane J. Egan Name Date 9. A Power of Attorney (POA) survives a principal's incapacity. 10. When an employer hires someone and exhibits control over the time, place and manner of their performance this type of relationship is created 11. When an employer hires someone to perform a job/project and does not exhibit day-to-day control over their activities this type of relationship is created 12. According to the duty of...
Business Law II Ch. 34 - Liability to Third Parties Professor Shane J. Egan Name Date I. A is a specific form of express authority, usually in writing, granting an agent specific powers. 2. A grants the agent express authority over specifically outlined acts. allows 3. A the agent to conduct all business for the principal. 4. (True/False) Powers of attorney always terminate on the principal's death. 5. The principal must be classified as either: 6. This term is given...
Business Law II - Chapter 35 Forms of Business Organization Name Date Fill in cach blank with the exact legal term. 1. A business organization in which the owner has total control and unlimited personal liability is known as a 2. (True False) Opening a sole proprietorship requires many legal formalities. 3. In this type of partnership, the partners divide the profits (usually equally) and the management responsibilities and share unlimited personal liability for debts. 4. A partnership in which...
Business Law II - Chapter 35 Forms of Business Organization Name Date Fill in each blank with the exact legal term. 1. A business organization in which the owner has total control and unlimited personal liability is known as a 2. (True False) Opening a sole proprietorship requires many legal formalities. 3. In this type of partnership, the partners divide the profits (usually equally) and the management responsibilities and share unlimited personal liability for debts. 4. A partnership in which...
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