Please choose the correct answer, and give some explanations. Thank you!

A. Determine what kind of agency is being described.

a. Couched in general terms b. Couched in specific terms c. General d. Special

e. Ostensible/Representative

1. Agency which comprises all the business of the principal.

2. Agent acts in the name and in representation of the principal.

3. Comprises one or more specific transactions

4. Comprises only acts of administration

5. Comprises of acts of strict dominion

B. Determine the legal principle for the following:

a. "He who acts through another acts himself" b. "Buyer beware" c. "First in time, first in right"

d. "You cannot sell what you do not own" e. "Owner bears the risk of loss"

1. nemo dat quod non habet

2. res perit domino

3 qui fact per alium facit se

4. caveat emptor

5. prior tempore potior jure

C. Determine the kind of liability incurred by the parties in the following situations:

a. individual b. joint c. solidary

1. Two or more agents having the same principal over the same transaction

2. Two or more principals having the same agent over the same transaction?

3. The agent who acted without any authority whatsoever?

4. What is the nature of the power of two or more principals having the same agent to revoke the agency?

D. Determine the party to the contract of agency described in each of the following:

a. principal b. agent c. broker d. commission agent e. del credere agent

1. Also known as mandante

2. One who acts in representation of or on behalf of another

3. Acts as an intermediary or go-between and does not receive possession of the object of the agency

4. Bears the risk of collection and pays to the principal the proceeds of the sale

5. Receives a portion of the proceeds also known as factorage