Question

Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column.
a. Agent
b. Agency by necessity
c. Agency by ratification
d. Apparent authority
e. Attorney in fact
f. Express authority
g. Contract of agency
h. Disclosed principal
i. Implied authority
j. Irrevocable agency
k. Partially disclosed principal
l. Power of attorney
m. Principal
n. Undisclosed principal
1. The party in an agency contract who represents another. 1. ____________
2. A principal whose existence and identity are not known to third parties. 2. ____________
3. The name given to a legal document that formally creates an agency. 3. ____________
4. The party in an agency contract who delegates power to another. 4. ____________
5. An agreement between a principal and an agent in which the agent is vested with authority to represent the principal. 5. ____________
6. An agency coupled with an interest. 6. ____________
7. The authority possessed by an agent that may be reasonably assumed by a third party.
7. ____________
8. The authority possessed by an agent that is specifically stated in the agency contract.
8. ____________
9. A principal who is known to third parties. 9. ____________
10. The precise legal term for an agent. 10. ___________
11. The agency that results when a person approves an unauthorized act done in the principal’s name by a person who had no authority to act as agent. 11. ___________
12. The agency that results when a person fails to support his or her spouse or minor children. 12. ___________
13. The authority an agent reasonably assumes he or she has that relates to the express authority granted by the principal. 13. ___________
14. A principal whose identity is not known to a third party who knows he or she is dealing with an agent. 14. ___________


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  • CreatedOctober 01, 2015
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