chapter8商法.doc

TRUE-FALSE QUESTIONS of Chapater Eight ____1. Unless the parties agree otherwise, a principal must pay for an agent’s services. ____2. A principal cannot avoid a contract that a third party enters into with an agent. ____3. A third party cannot sue a principal for an agent’s neglience. ____4. An agent must keep separate accounts for the principal’s funds. ____5. Information obtained through an agency relationship is confidential. ____6. A disclosed principal is liable to a third party for a contract by an agent within the scope of authority. ____7. A principal is not liable for an agent’s torts committed within the scope of his or her enployment. ____8. An undisclosed principal is liable to a third party for a contract by an agent within the scope of authority. ____9. Both parties to an agency have the right to terminate the agency at any time. ____10. An e-agent is a person. MULTIPLE—CHOICE QUESTIONS of Chapater Eight ____1. Home Interiors, Inc.(HII), tells Jan, whose business is purchasing for others, to select and buy $200 worth of certain goods and ship them to HII’s office. Jan buy the goods Brand Name Products Store and ships them as directed, keeping an account for the expense in HII’s name. HII and Jan do not have an agency relationship, because Jan’s business is buying for others. do not have an agency relationship, because Jan did not indicate that she was acting for Baron. do not have an agency relationship, because their agreement is not in writing. have an agency relationship. ____2. Greg,a salesperson at Home Electronocs Company, tell Inrma, a costomer, “Buy your computer here, and I’ll set it up for less than what Home would charge.” Irma bus the computer, Grey sets it up, and Irma pays Greg, who keeps the money. Gry has breached the duty of loyalty. notification. abedience. ‘performance. ____3. Pat asks Quinn, a real estate boler, to slee her land. Quinn lears tha Retail Mall Corporation (RMC) is willing to pay a high price for the land