True or False? 1. A power of attorney is a document which means that the agent...

True or False?

1. A power of attorney is a document which means that the agent acting under the document is an attorney?

2. An agency relationship may be created by the principal's ratification or acceptance of responsibility for the agent's activities.

3. A principal's ratification can be either expressed or implied.

4. An agent is required to exercise reasonable care in the performance of his duties.

5. Under common law, employees are presumed to work at will.

Expert Solution

Solution:

1) True (Explanation: The word attorney in French means ‘a person acting for another as an agent or deputy’. An attorney is a lawyer but a lawyer may not always be attorney.)

2) False (Explanation: An agency relationship can be created by principal’s ratification but not by not by acceptance of responsibility for the agent's activities.)

3) True (Explanation: Principal is authorized to ratify or reject the acts of agent. The ratification can be done in both ways- it can be expressed or implied.)

4) True (Explanation: It is the legal duty of the agent to perform his work in the best possible way and to follow reasonable directions.)

5) True (Explanation: ‘At will’ means that an employee can be terminated any time by the employer and even the employee is free to leave the job any time with or without any reason.)

Rahul Sunny answered 2 years ago

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