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Lev, an agent for Mill Grains LLC, executes an unauthorized contract with National Grocers Inc. The deal is highly advantageous to Mill Grains, and the company ratifies the contract. The contract is


A) valid.
B) vicarious.
C) void.
D) voidable.

E) A) and B)
F) A) and C)

Correct Answer

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A property owner who hires a realtor to sell the property thereby enters into an agency relationship with an employee for a limited time.

A) True
B) False

Correct Answer

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A power of attorney should be used with great caution and only in exceptional circumstances because


A) failure to comply with the equal dignity rule makes a contract voidable.
B) it grants extensive authority to an agent.
C) an attorney must be licensed to practice law in the state of authority.
D) the power to be exercised defines the duty to be obeyed.

E) C) and D)
F) A) and C)

Correct Answer

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An agent acting at a principal's direction is not liable for the commission of a tortious act, even if the agent knew the act was wrong.

A) True
B) False

Correct Answer

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