3.02 Quiz

Individual who gives authority to the agent

Individual employed by principal to work with the third party

The person or company whom the agent deals with on behalf of the Principal

Is an individual or business that hires someone to perform a task

Is a person who has the right to control the actions of another person

Apparent Authority is also known as

Authority restricted to certain, specific tasks.

Given authority by principal to perform a VARIETY of tasks.

An agent appointed by another agent with the knowledge and consent of the principal.

Two or more agents working together.

An agent appointed by another agent without the knowledge and consent of the principal.

What is Gratuitous agent

Payment for services rendered

Payment for expenses incurred by the agent on behalf of the principal

Payment for losses incurred by the agent on behalf of the principal

Is the express and implied powers of an agent.

Is an agency relationship that is created because the principal approved of an agents unauthorized action after the action occurred.

Agentis an agent that is given the authority to perform a variety of tasks.

Is an area of law dealing with working relationships created between two parties.

An agency relationship created by state law