Take Test: 5015 Cumulative Exam Part 1 of 7 - Know Law ...

1. Which of the following is a true statement?

   A.	Contractual capacity is not needed for the principal in a principal-agent relationship.
   B.	One characteristic of independent contractors is that they can never also be agents and thus enter into contracts on behalf of a principal.
   C.	Even when an employee is an employee at-will, statements made in the employers policy and procedure manual may give employees implied-in-fact contracts right that limit the circumstances under which the employer can discharge the employee.
   D.	A power of attorney requires that the agent with the power be an attorney licensed by at least one state bar association as well as the federal bar association