In: Economics
1. Adam works for Marnie. Jessa is injured through Adam's negligence. Marnie may be liable to Jessa if Adam’s conduct occurred
a. in the course and scope of Adam's employment.
b. during normal working hours.
c. outside the parties' employment relationship
d. is Adam had done it before but even if Marnie could not have known it.
2. Allie hires Lon to act as her agent to purchase The Notebook Company. Allie tells Lon to reveal that he is buying the gym on behalf of a third party and to tell the seller who that third party is. Allie is
a. an undisclosed principal.
b. a partially disclosed principal.
c. an apparent principal.
d. a disclosed principal
3. Tito is a editor for Entertainment Comic Books, Inc. Tito has a detailed job description, must work certain hours in his office, and must follow particular rules about how to edit the comics he receives from the artists and authors. Tito most likely is
a. an employee.
b. an independent contractor.
c. a principal.
d. an employer
4. Ryan and Miranda put their agency agreement into a written document that describes the rights and duties of both parties. Ryan, as the agent, has
a. apparent authority.
b. express authority.
c. equal authority.
d. implied authority
Q- 1 Adam works for Marnie. Jessa is injured through Adam's negligence. Marnie may be liable to Jessa if Adam’s conduct occurred
Answer- (a) in the course and scope of Adam's employment.
Q- 2. Allie hires Lon to act as her agent to purchase The Notebook Company. Allie tells Lon to reveal that he is buying the gym on behalf of a third party and to tell the seller who that third party is. Allie is
Answer- (a) an undisclosed principal.
Q- 3. Tito is a editor for Entertainment Comic Books, Inc. Tito has a detailed job description, must work certain hours in his office, and must follow particular rules about how to edit the comics he receives from the artists and authors. Tito most likely is
Answer- (a) an employee.
Q- 4. Ryan and Miranda put their agency agreement into a written document that describes the rights and duties of both parties. Ryan, as the agent, has
Answer- (b) express authority.