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1. A Principal is not liable for the intentional tort of an agent, committed outside...

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Accounting

1. A Principal is not liable for the intentional tort of an agent, committed outside the scope of employment.

a. True b. False

2. Agency law is primarily State Law.

a. True b. False

3. A Principal is always liable for the acts of an agent, even if agent acted without authority.

a. True b. False

4. Unless it is revoked, a regular Power of Attorney creates an Agency that will last until the principal dies.

a. True b. False

5. Agent liability not only applies to how an agent treats a customer, but also to how the agent treats employees.

a. True b. False

6. If a new law is passed that makes the agents conduct unlawful, the Agency is terminated.

a. True b. False

7. An Agent does not need to disclose when he is dealing with himself.

a. True b. False

8. If an Agent fails to fulfil his duties, the Principal may have a claim in both Contract and Tort law.

a. True b. False

9. So long as the Agent performs the task required, they do NOT have to provide an accounting.

a. True b. False

10. A Principal is never liable for the tortious conduct of their Agent.

a. True b. False

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