Question

50.Garnishment

a.allows a creditor to collect a debt by taking property of the debtor’s being held by a third party.

b.first requires a writ of attachment.

c.first requires a writ of execution.

d.first requires a foreclosure proceeding.

7.An undisclosed principal

a.is bound to any contract made by his/her agent with a third party.

b.has no liability.

c.is liable under the UCC if a reasonable person under similar circumstances would find him or her liable.

d.may be subject to punitive damages for fraud.

8.Under the principle of respondeat superior.

a.a principal is vicariously liable for any harm caused to a third party by the principal’s agent acting within the scope of the agent’s authority.

b.an agent is answerable to his/her principal for the agent’s conduct.

c.an agent is held to a high standard of loyalty owed to his/her principal.

d.an agent is entitled to compensation from his/her principal unless the agency is expressed in writing to be gratuitous.

Answer 1

50. Garnishment allows a creditor to collect a debt by taking property of the debtor’s being held by a third party. Hence, option A is correct.

7. An undisclosed principal is bound to any contract made by his/her agent with a third party. Hence, option A is correct.

8. The doctrine of respondeat superior states that the principal is liable to the damages caused to the third party due to the acts perfomed by his agent. Hence, option A is correct