Business Law Quiz: Employee vs. Agent Relationship

The principal is not liable for the tortious conduct of an agent who is acting within the scope of his or her authority.

The agent is the party who employs another person to act on his or her behalf.

In the land sale transaction, Martin performs the role of the principal.

The commercial relationship between Martin and Wilhelm is a principal-agent relationship.

An express agency contract can be orally agreed.

Marlon and Nita entered into an implied agency relationship.

An employee's status as an agent depends solely on the degree of control exercised by the employer over the employee.

Jessica, who works as a data entry technician for ABC Corporation, would be considered an employee eligible for unemployment benefits if she loses her job.

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

If an employee enters into a contract without their supervisor's permission, the contract is legally binding on the employer.

$2x + 3y = 10$ and $x - y = 2$ have a unique solution.

An agent is not obligated to inform the principal about any important information related to the agency.