Which of the following is not one of the duties that a principalwould owe an agent?

Multiple Choice

• The principal owes a duty of cooperation to the agent.

• The principal owes a duty of safe working conditions to theagent.

• The principal owes a duty of reimbursement and indemnificationto the agent.

• The principal owes a duty of compensation to the agent.

• The principal owes a duty of loyalty not to hire anotheragent.

2-

The Italian legal system has created an agency relationship thatgives that agent unique powers. The principal and agent enter intoa contract under which the agent agrees to the principal’sstipulations. This contract, however, also requires that the agentmaintain the principal’s property. Under Italian law, the agentthen becomes _______.

Multiple Choice

• the legal owner of the property and can transfer or contract itwithout the principal’s consent.

• conservator of the property and must make sure it is returnedwithin 60 days.

• an independent contractor and the property becomes his orhers.

• responsible in tort if anything happens on the property or tothe property.

• responsible for the taxes owed to the government on any propertythat is his or her possession.

3-

_______ relationships are the most common types of agencyrelationships.

Multiple Choice

• Apparent agency

• Implied agency

• Express agency

• Ratification agency

• Applied agency

Answer rating: 100% (QA)

1 Ans The principal owes a duty of loyalty not to hire another agent Except for the one listed above ... View the full answer