Motor Parts Sales Inc. hires Nolly to work on its shipping dock, accepting deliveries, and dispatching trucks, and dealing with customers and drivers. With respect to Motor Parts, Nolly is most likely
an agent.
Rene is a delivery driver for Sicilian Pasta Company. Rene does exactly what the co...
Mgmt 311 final exam questions and
answers 2025
Motor Parts Sales Inc. hires Nolly to work on its shipping dock, accepting
deliveries, and dispatching trucks, and dealing with customers and drivers. With
respect to Motor Parts, Nolly is most likely
an agent.
Rene is a delivery driver for Sicilian Pasta Company. Rene does exactly what the
company tells her. Rene is
an employee.
Nora works at Oil & Gas Inc. She is a sales representative who works with Oil &
Gas customers. The company closely supervises its sales reps, and dictates their
schedules. With respect to third parties, Nora is
an employee and agent.
Ota works at Pumps Inc. She works in the company's engineering department,
interacting with third parties only to discuss technical issues. With respect to third
parties, Ota is
a principal.
Diamonds & Gold Inc. hires Esmé to buy gems and precious metals from various
sources on its behalf. In this relationship, Diamonds is
a principal.
MGMT 311 EXAM
,MGMT 311 EXAM
Bakery LLC hires Cora to sell the company's products in a certain area. The
company agrees to pay Cora a salary, plus commission, for a trial period. They also
agree that she can sell using any methods and during any hours that seem
appropriate. The key factor in whether Cora is an employee is
the degree of the employer's control over the details of the work.
Aiden hires Buck to manage Aiden's Cattle Ranch. Buck agrees to act on Aiden's
behalf, subject to Aiden's control, and Aiden trusts Buck to so act. Their
relationship is
a principal and an agent.
Rosario is a chef and caterer who hires out on a per-project basis to companies
with on-location work sites, as well as to the hosts of banquets and other events.
In this capacity, Rosario is
an independent contractor.
Denny, a certified public accountant and an investor, and Ethel, an insurance
salesperson and a realtor, may create an agency relationship for
any legal purpose.
Country Club officers ask Devi to contract with Ewan to maintain the club's golf
course. Devi orally agrees to do so. The relationship between the club and Devi is
an agency by
agreement.
Rosa introduces Sal to her friend Trey as "my associate." Sal purports to act as
Rosa's agent in a business transaction with Trey. If Rosa is liable for Sal's actions, it
will be because their relationship is
MGMT 311 EXAM
, MGMT 311 EXAM
an agency by estoppel.
Lucia is married to Marco. Lucia buys food for their children's lunches and charges
the cost to Marco's account. This is an agency by
operation of law.
Energy Company employs Fred to negotiate the purchase of mineral rights for
future mining projects. Fred secretly buys some of the property and sells it to
Energy at a profit. Fred has breached
the duty of loyalty.
Byron, a salesperson at a Carpet & Tile store, tells Dan, a customer, "Buy your
flooring here, and I'll install it for less than the store would charge." Dan buys
carpeting, which Byron installs for half the store's price. Byron keeps the money.
With respect to the store, Byron has breached
the duty of loyalty.
Larry is an agent for Mary. She gives him clear instructions to enter into contracts
on her behalf only on Mondays, Wednesdays, or Fridays. He enters into a contract
on her behalf on Tuesday. Larry has breached
the duty of obedience.
Lorene, an attorney, contracts with Milos to incorporate the client's business.
Their contract stipulates the amount of the fee. On completion of the work, the
attorney's right to be paid this amount arises from the client's duty of
compensation.
MGMT 311 EXAM
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller PossibleA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £11.72. You're not tied to anything after your purchase.