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Question
Minksine Corporation employs Sandy as its marketing manager. Sandy is driving her automobile to attend a meeting with a client on behalf of her employer. On her way, Sandy is involved in an automobile accident that is caused by her negligence. Several people are seriously injured. Which of the following is true of this case?A) Sandy is solely liable for damages caused by the accident.
B) The injured parties cannot recover damages from Sandy.
C) Minksine Corporation is liable for the injuries caused by Sandy.
D) The injured parties can only claim medical reimbursement from Minksine Corporation.
Answer
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Related questions
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Which of the following is true of a fully disclosed agency?
A) The third party does not know the identity of the principal.
B) The third party knows the name of the principal but all transactions are done with the agent.
C) The contract is between the principal, agent, and the third party.
D) The principal is liable on the contract with a third party.
Q:
The ________ is a principal's duty to cover the agent for any losses the agent suffers because of the principal's conduct.
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Ashley owns a piece of vacant real estate through which a small river runs. Ashley hires Warren, a licensed real estate broker, to list the property for sale and help sell the property. While inquiring in the neighborhood, Ashley's neighbor Lenny tells Warren that a chemical plant upstream has polluted his property and that Warren should have environmental engineers test the soil on Ashley's property as well. Warren does not tell Ashley about Lenny's suggestion. Warren manages to find a buyer for Ashley's property in Martha. It is later discovered that the property Martha bought from Ashley is also polluted. What important agent's duty has Warren failed to perform?
A) duty to indemnify
B) duty to account
C) duty to reimburse
D) duty to notify
Q:
Which of the following is an instance of misuse of confidential information?
A) An agent gives the seller the principal's name and phone number in a fully disclosed transaction.
B) A principal gives the contact details of an agent to a third-party without the agent's knowledge.
C) An agent withholds critical information from the principal about the agency.
D) An agent divulges details of his past employer to the principal.
Q:
Which of the following is a course of action for a principal if an agent is found competing with him or her?
A) The principal can recover damages from the agent if the competition continues after the agency has ended.
B) The principal can recover profits made by the agent in the competing venture.
C) The principal has the option of buying the agent's competing venture.
D) The principal is not allowed to recover lost sales due to the agent's competing venture.
Q:
A power of attorney where a principal confers powers on an agent to act in specified matters on the principal's behalf is referred to as a(n) ________.
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A(n) ________ is a contract a principal and agent enter into that says the principal cannot employ another agent other than the one stated.
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An apparent agency is also known as an agency by estoppel.
Q:
The agent's actions–not the principal's–create an apparent agency.
Q:
A power of attorney gives an agent the power to sign legal documents on behalf of the principal.
Q:
An express agency contract cannot be orally agreed upon.
Q:
Which of the following is true of an apparent agency?
A) The authority of an apparent agent is implied from the conduct of the parties.
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C) The principal is bound to the contracts entered into by an apparent agent.
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Q:
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A) a general power of attorney
B) a special power of attorney
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Q:
Which of the following is true about a special power of attorney?
A) It is an implied form of power of attorney.
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A) agent
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C) independent contractor
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Q:
Constructive notices are not valid against strangers who assert claims of apparent agency.
Q:
Which of the following leads to the termination of an agency by operation of law?
A) loss or destruction of the subject matter of the agency
B) death of either the principal or agent
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Defendants cannot assert a due diligence defense against liabilities arising from the violation of Section 11 of the Securities Act of
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The issuer is permitted to assert a due diligence defense against the imposition of Section 11 liability.
Q:
Civil liability under Section 11 is imposed on those who are negligent in not discovering fraud in their security offerings.
Q:
What is insider trading? How is it regulated in the United States?
Q:
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Q:
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A) Sharon Muller, an editor who was tipped by her friend to buy shares of KYU Corp.
B) Robert Morgan, an employee who owns ten percent of all equity security of KYU Corp.
C) Jim Downey, a graphics engineer who quit KYU Corp. after five years of service.
D) Kate Harris, a legal consultant to KYU Corp.
Q:
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A) issuer
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Q:
Which of the following is an example of insider trading?
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D) An employee sells his shares to another employee without notifying the company.
Q:
In order to be found guilty for violation of Rule 10b-5, intentional conduct (scienter) must be proven.