Business Law Quiz Answers
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Business Law Quiz Answers

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@IrreproachableUtopia

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Questions and Answers

An employee who works for ABC Corporation as a data entry technician is considered an agent of the employer.

True

If Jessica loses her job from ABC Corporation and attempts to collect unemployment, her piano lessons teaching would not affect her status as an employee of ABC Corporation.

False

An at-will employee always has the authority to make decisions that bind the employer.

False

An employee entering into a contract without supervisor's permission cannot bind the employer-company.

<p>False</p> Signup and view all the answers

A principal is always bound to contracts made by an agent with express authority.

<p>False</p> Signup and view all the answers

An agent must notify the principal of important information concerning the agency.

<p>True</p> Signup and view all the answers

An agent is only liable for their own tortious conduct while acting within the scope of their authority.

<p>False</p> Signup and view all the answers

The principal is the party who authorizes another person to act on their behalf.

<p>True</p> Signup and view all the answers

In the given scenario, Martin is the principal in the land sale transaction.

<p>False</p> Signup and view all the answers

The relationship between Martin and Wilhelm is an example of a principal-agent relationship.

<p>True</p> Signup and view all the answers

An express agency is formed when an employer hires an employee without any explicit contract or agreement.

<p>False</p> Signup and view all the answers

In the given scenario, Marlon and Nita entered into an express agency agreement.

<p>True</p> Signup and view all the answers

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