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Chapter 32 True/False

A familiar example of an agent is the owner of a corporation
FALSE
Agency relationships do not permeate the business world
FALSE
The term fiduciary is at the heart of agency law
TRUE
Through agents, a principal can conduct only one business operation at a time
FALSE
If work is usually done under the employer’s direction, this indicates independent-contractor status
TRUE
If a great degree of skill is required, this may indicate that a person is an employee hired for a specialized job and not an independent contractor
FALSE
Whether a worker is an employee or an independent contractor has no effect on the employer’s liability for the worker’s actions
FALSE
Employers can avoid certain tax liabilities by hiring independent contractors instead of employees
TRUE
Any copyrighted work created by an employee within the scope of his or her employment at the request of the employer is a “work for hire
” TRUE
An agency agreement can be implied by conduct
TURE
An agency relationship created for a purpose that is contrary to public policy may still be enforceable
FALSE
A person must have contractual capacity to be an agent
FALSE
Ratification involves a question of intent, and intent can be expressed only by words
FALSE
An agency by estoppel arises when the principal’s actins have created the appearance of an agency that does not in fact exist
TRUE
Generally, the law assumes that the principal is aware of any information acquired by the agent that is relevant to the agency
TRUE
An agent can represent two principals in the same transaction as long as neither of them knows about it
FALSE
Even during emergency situations, when the principal cannot be consulted, the agent may not deviate from the principal’s instructions without violating the duty of obedience
FALSE
A principal has a duty to cooperate with the agent and to assist the agent in performing his or he duties
TRUE
The agent has the right to be compensated, to be reimbursed and indemnified, and to have a safe working environment
TRUE
Anything that an agent obtains by virtue of the employment or agency relationship is his or hers to keep
FALSE

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