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1) the term indemnification would accurately describe? a) an agents right to sue the third party b) a court ordered reformation of a contract c)
1) the term "indemnification" would accurately describe? a) an agents right to sue the third party b) a court ordered reformation of a contract c) a principals right be repaid the agent d) an insurance certification of the agents liability 2) Which of the following is a way that an agency relationship can end? a) Death of the agent b) Bankruptcy of the principal c) Agreement of the parties d) all of above 3) Fiduciary duty generally means that an agent must put the interests of the principle ahead of their own interests. A)true b) false 4) in order for justification to be a valid defense,the harm that you are trying to avoid must be greater harm you caused A)true b)false 5) the distinction between employee and non-employees is based on ? a) principals right to control b) scope of employment c) the course of employment d) the rate of pay 6) which of the following is required in orders for an agent to be entitled to indemnification from his or her principle? A) The agent was following the principals orders where the loss occurred b) The agents conduct constitutional a tort c) The agent acted in good faith not realizing that the action in question was a tort d) All of above 7. Zoey ordered Juice at a restaurant. Unknown to her , the juice contained alcohol and didn't taste in the drink. However ,Zoey became extremely intoxicated. In her intoxicated state, she walked out on the restaurant bill. If criminal charges against Zoey, she will likely be able to use defense of involuntary intoxication as a defense. A) True B) False 8) Ty is employed by Trips, Inc. as a truck driver. Ty was told specifically not to exceed the posted speed limit. Nevertheless while making a delivery for Trips, Ty exceeded the posted speed limit and negligently crashed into Lillian's car. A) Trips will not be responsible for Lillians Injuries because Ty was specifically told not to exceed the speed limit B) Trips will not be responsible for Lillians Injuries because Trios was not responsible for the accident. C) Trips will not be responsible for Lillians Injuries because of Indemnification D) Trips will be liable for Lillians Injuries 9. An agent injuries a third person while driving a company car on his way to call on a client on behalf of principal. Which of the following describes the liability that probably exists in this case A) Agent is liable for the tort but the principal is not B) Principal is liable for the tort but the agent is not C) Both of them are liable. Jointly and severally. D) the principal and the agent are severally liability 10. Duress required all EXCEPT? A) immediate threat of death or serious harm B) belief the threat will implemented C) prior relationship between the parties D) no opportunity to escape the harm The difference between murder and manslaughter lies in the mental state of the defendant A)True B)false
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