Multiple Choice QuestionTwo parties are involved in an agency relationship: The _______ is the one who wishes to have a specific task accomplished; the _______ is the one who acts on behalf of the person to accomplish the task.Multiple choice question.agent; principalplaintiff; defendantprincipal; agentdefendant; plaintiff

In an agency relationship, the _______ is the one who wishes to have a specific task accomplished.Multiple choice question.litigatoragencyprincipalmediator

In an agency relationship the Blank______.Multiple choice question.principal delegates decision making authority to an agentall legal issues have to be approved by a board appointed auditor agentshareholders enter into a legal relationship with each otheragent delegates decision making authority to a principal

Regarding an apparent agency, if the principal attempts to deny that an agency relationship existed, the third party must demonstrate that he or she: Blank______.Multiple choice question.acted as if the relationship was an express agencywas expressly informed by the principal that the agency relationship existedreasonably believed, on the basis of the principal's conduct, that the agency relationship existedwas involved in previous litigation in which the judge and/or jury had determined that an agency relationship existed

Who is liable to a third party if an agent exceeds his or her authority to act on behalf of the principal?Multiple choice question.Neither the agent nor the principalThe principalThe agentAny incidental beneficiary

In an agency by estoppel, the important factor is whether the principal acts to: Blank______.Multiple choice question.discourage the impression that an agency relationship exists between the partiescreate the impression that the agent has the authority to act on behalf of the principalcreate the impression that an incidental beneficiary will receive a direct contractual benefit via the agentarticulate that there is an express agency agreement