Business Law Quiz: Employee vs. Agent Relationship
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Questions and Answers

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

False

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

False

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

False

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

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

An express agency contract can be orally agreed.

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

Marlon and Nita entered into an implied agency relationship.

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

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

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

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.

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

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

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

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

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

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

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

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

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

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