Law of agency Study guides, Class notes & Summaries

Administrative Agency - correct answer -An organization, usually a part of the executive branch of government, that is created to serve a specific purpose as authorized by the legislative branch Function is usually characterized as quasi-legislative or quasi-judicial Quasi-legislative - correct answer -Describes the rule-making functions of administrative agencies Quasi-judicial - correct answer -Administrative actions involving factual determinations and the discretionary application of ...

What agency is responsible for the enforcement of federal pesticide laws and regulations? - EPA Which law requires federal registration of pesticides shipped in interstate commerce? - FIFRA Which law prohibits the use of any registered pesticide in a manner inconsistent with label directions? - FEPCA Any commercial applicator who violates any provision of FIFRA may be assessed a civil penalty of not more than? - 5,000 Which agency is responsible for the protection of health, safety and wel...

Question 2 Not yet answered Marked out of 1.00 Flag question Question text The following information was obtained from the accounting records of SA Attorneys: On 1 April 2022, A South, a client of the practice, handed a cheque to the amount of R100 000 to Mr Africa and requested him to invest the money in a fixed deposit account at ABC Bank until the money is paid over for a property transaction. Which one of the following statements is incorrect for the above type of investment? Select one:...

WGU D333 Exam (Latest 2023/ 2024 Update) Ethics in Technology Exam| Review with Questions and Verified Answers| 100% Correct| Grade A Q: Ethical issues related to the rights and responsibilities concerning the ownership, use, and distribution of resources or information, including intel- lectual property and users' data. Answer: Property Q: Ethical considerations regarding the ease with which all users, including those with disabilities, can use services and access information equit...

Champions School of Real Estate Law of Agency – Questions and Answers Already Passed The principal is also known as client fiduciary relationship a relationship founded on trust and confidence Agency Relationship Exists when one person (the agent) acts for, or on behalf of another person (the principal). the principal is the one who hires and gives authority to the agent Texas Real Estate License Act TRELA Was passed 1939. The purpose is to protect the public against unscr...

Test Bank for Business Law: Text and Cases, 15th Edition, Kenneth W. Clarkson, Roger LeRoy Miller. All Chapter 1-51 A+ Updated Table of Contents UNIT ONE: THE LEGAL ENVIRONMENT OF BUSINESS. 1. Law and Leg al Reasoning. 2. Business and the Constitution. 3. Ethics in Business —Appendix to Chapter 3: Costco Code of Ethics. 4. Courts and Alternative Dispute Resolution. 5. Court Procedures. Unit One: Task-Based Simulation – Application and Ethics: Arbitration, No Class Actions. UNIT TWO: TORTS AN...

Complete Test Bank for The Law and Business Administration in Canada, 15th Edition by J.E. Smyth, Dan Soberman, A J. Easson, Shelley McGill ; ISBN13: 9780136963547. (Full Chapters included Chapter 1 to 32)....1.Law, Society, and Business. 2.The Machinery of Justice. 3.Government Regulation of Business. 4.The Law of Torts. 5.Professional Liability The Legal Challenges. 6.Formation of a Contract Offer and Acceptance. 7.Formation of a Contract Consideration and Intention. 8.Formation of a Co...

Agency - Answer- This refers to the relationship between a principal and the principal's agent which arises out of a contract, either expressed or implied, written or oral, wherein the agent is employed by the principal to do certain acts dealing with a third party..? Agency Brokerage Joint venture Partnership All of the Above - Answer- Which of the following can serve as a principal...? Seller Buyer Lessor All of the above Independent Contractor - Answer- Real estate agents o...

Champions Real Estate Exam Law of Agency solution A+ GUARANTED This person hires an agent - CORRECT ANS - The Principal The agent works on behalf of this person - CORRECT ANS - the client (principal) This type of agency allows for the greatest range of authority - CORRECT ANS - Universal This is provided to the agent when there is written documentation that the agency relationship exists. - CORRECT ANS - Express authority This is the most limited of all the agency relationships...

Act - includes a failure or omission to take action. (720 ILCS 5/2-2) Conduct - An act or a series of acts, and the accompanying mental state. (5/2-4) Dwelling - An enclosed space used or intended for use as a human habitation, home, or residence. Ex: tent, mobile home, vehicle, house, apartment , trailer. Felony - An offense punishable by one year or more in a penitentiary. Forcible Felony - The most serious of crimes. Includes: 1. murder 2. Agg. Battery: with great bodily harm or perm...