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In: Operations Management

II. AGENCY RELATIONSHIPS (Select from the choices below) _____17.equal dignity rule _____18.loyalty _____19.special power of attorney...

II. AGENCY RELATIONSHIPS (Select from the choices below)
_____17.equal dignity rule
_____18.loyalty
_____19.special power of attorney
_____20.agency by ratification
_____21.independent contractor
_____22.respondeat superior
_____23.undisclosed principal
_____24.general power of attorney

A. Doctrine that causes a principal to be liable for harm that an agent causes to a third party.
B. A power of attorney that permits the agent to do specified acts only.
C. Agent is liable as a party to the contract when the principal has this status.
D. A person who contracts with another to do something but who is not controlled by that person with respect to the performance of the job.
E. Is a duty owed to the principal by the agent.
F. This describes a situation where an agent acts outside the scope of their authority and makes a contract to which the principal approves of later.
G. A power of attorney permitting the agent to transact all business for the principal.
H. Rule which requires that if the contract being executed must be in writing, then the agent’s authority must also be in writing.

Solutions

Expert Solution

17. Equal dignity rule - H. Rule which requires that if the contract being executed must be in writing, then the agent’s authority must also be in writing.

18. Loyalty - E. Is a duty owed to the principal by the agent.

19. Special power of attorney - B. A power of attorney that permits the agent to do specified acts only.

20. Agency by ratification - F. This describes a situation where an agent acts outside the scope of their authority and makes a contract to which the principal approves of later

21. Independent contractor - D. A person who contracts with another to do something but who is not controlled by that person with respect to the performance of the job.

22. Respondent superior - A. Doctrine that causes a principal to be liable for harm that an agent causes to a third party.

23. Undisclosed principal - C. Agent is liable as a party to the contract when the principal has this status.

24. General power of attorney - G. A power of attorney permitting the agent to transact all business for the principal.

keosha answered 1 year ago
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