All flashcards
9 cards
1What are the two sources of an agency relationship?
2What legal capacity must a party have to act as a principal?
3What legal capacity must a party possess to serve as an agent?
4Is it possible for a principal to appoint, or authorize an agent to appoint, multiple co-agents for the same principal?
5What is a sub-agent?
6A man agreed to loan his bike to his brother. Before the brother rode off, the man asked his brother to drop a letter off at the post office for hi...
7Can an agent’s actual authority be terminated?
8Does the termination of an agent’s actual authority automatically terminate any apparent authority held by the agent?
9In an agency relationship, may an agent serve multiple principals in the same transaction or matter?