LAW 3220 EXAM 4 CLEMSON ACTUAL 2025/2026 WITH CORRECT ANSWERS

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LAW 3220 EXAM 4 CLEMSON ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Agency - Answer -An agency is created when a person or company (an agent) agrees to act for or in place of another person or company (the principal) Parties in an Agency - Answer --The principal creates authority in an agent -The agent receives authority and carries out the principal's instructions -Third parties make contract or are involved in torts with the agents Disclosed Principal - Answer -Identity of principal is known by the third party at time of making of contract with agent Undisclosed Principal - Answer -Identity of principal is unknown to third party, which can be fine. Agent does the work and will be indemnified by principal if agent acts within scope of authority Universal agents - Answer -Do all acts that can be legally delegated, i.e. General Power Attorney General agents - Answer -Execute all transactions in connection with a business, i.e. top level managers Special agents - Answer -Execute a specific transaction or series of transactions, i.e. a real estate agent Agency coupled with an interest Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com