Employment Law Quiz Insights

Summary

Not all workers are covered by minimum wage and overtime provisions, as some, like independent contractors, are exempt. Employers must comply with OSHA standards. Minimum wage is governed by both federal and state laws. Disparate impact and treatment relate to discrimination, not benefits. Unemployment compensation is for those losing jobs without cause. Agency law includes ratification by principals, notification responsibilities, and authority limits. Agency relationships can be implicit, and agents must not commingle funds. They are entitled to reimbursements and indemnifications but can be liable if acting outside authority.

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*. When a principal does not refuse the unauthorized act of an agent, ratification occurs. true false *. Only those who have dealt as a third party need to be notified of a terminated agency relationship. true false *. It is the principal's responsibility to notify the third party of the termination of an agency relationship. true false *. Because an agent or principal has the power to end the relationship, they are also given the right to do so. true false *. Actual authority includes powers given by the third party to the agent. true false
Let's go through these questions one by one:
*. When a principal does not refuse the unauthorized act of an agent, ratification occurs.
- True. Ratification occurs when a principal accepts or approves an act performed by an agent without prior authorization.
*. Only those who have dealt as a third party need to be notified of a terminated agency relationship.
- False. All parties who may reasonably believe that the agency relationship exists should be notified of its termination.
*. It is the principal's responsibility to notify the third party of the termination of an agency relationship.
- True. The principal is responsible for notifying third parties to prevent the agent from having apparent authority.
*. Because an agent or principal has the power to end the relationship, they are also given the right to do so.
- False. While they have the power, they must follow the terms of the contract or agreement, if any, to end the relationship lawfully.
*. Actual authority includes powers given by the third party to the agent.
- False. Actual authority is granted by the principal to the agent, not by third parties.
Feel free to ask if you need further clarification or have additional questions!
*. All agency relationships are created as an express agreement, which can be in the form of a carefully drafted document or an informal letter. true false *. Ratification must come from the principal's actions or words and not by the agent's conduct alone. true false *. Under the equal dignities rule, an agency agreement must be in writing when the statute of frauds requires a contract to be negotiated by the agent. true false
Let's tackle these questions:
*. All agency relationships are created as an express agreement, which can be in the form of a carefully drafted document or an informal letter.
- False. Agency relationships can also be formed implicitly through actions, not just express agreements.
*. Ratification must come from the principal's actions or words and not by the agent's conduct alone.
- True. Ratification requires the principal to affirm the agent's actions through their own words or conduct.
*. Under the equal dignities rule, an agency agreement must be in writing when the statute of frauds requires a contract to be negotiated by the agent.
- True. The equal dignities rule requires an agency agreement to be in writing if the contract the agent is negotiating must be in writing due to the statute of frauds.
If you have any more questions or need clarification, feel free to ask!
*. Since the agent has authority to act in place of the principal, there is no such thing as a principal interfering with the agent's performance of a task since it concerns the principal's own money and reputation anyway. true false *. It is permissible for an agent to commingle his own funds with the funds of the principal as long as he keeps accurate records of all money transactions. true false *. Agents are entitled to both reimbursements and indemnifications. true false *. An agent is not held liable for making honest mistakes in judgment. true false *. An agent can never be held liable to a third party when he is acting on behalf of a principal. true false *. An agent must obey all requests and instructions that relate to the agency agreement. true false
It seems like you have a set of questions related to agency law. Let me provide some general guidance:
*. False - A principal can interfere with an agent's performance, even though it concerns the principal's own interests.

*. False - Agents should not commingle their own funds with those of the principal, as it could lead to breaches of fiduciary duty.
*. True - Agents are generally entitled to reimbursement and indemnification for expenses and liabilities incurred while performing their duties.
*. True - Agents are typically not held liable for honest mistakes in judgment, provided they acted in good faith.
*. False - An agent can be held liable to a third party in certain circumstances, such as if they act outside their authority.
*. True - An agent must follow all lawful and reasonable instructions from the principal related to the agency agreement.
If you have a specific legal issue or question, feel free to ask for more detailed information!