Question
23. Raul appointed Rick as his agent to purchase property for a shopping center on his behalf. Raul told Rick to disclose that he was
23. Raul appointed Rick as his agent to purchase property for a shopping center on his behalf. Raul told Rick to disclose that he was an agent, but not to disclose who the principal was. This relationship would be:
A) non-disclosed.
B) undisclosed.
C) partially disclosed.
D) quasi-disclosed.
24.Cheryl owns a company that makes ice cream bars. She has hired Traci to be her vice president of sales and marketing. Last week Traci made a deal with a new advertising agency, purchased advertising space in several newspapers, and bought a dozen different TV spots. When Cheryl sees the bill for all of this, she is rather upset. Is Cheryl obligated to pay the prices Traci has promised to pay?
A)Yes, because of Traci's express authority.
B)Yes, because of Traci's emergency authority.
C)Yes, because of Traci's implied authority.
D)Yes, because of Traci's estoppel authority.
25. An agent who has been dismissed by the principal may still have which of the following?
A) Express authority to deal with customers.
B)Implied authority to deal with a crisis.
C)Apparent authority to deal with former customers.
D)Estoppel authority within the framework of the agency.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started