As Set Forth in the Text, Which of the Following

question 29

Multiple Choice

As set forth in the text, which of the following is false regarding agency law in relation to sports agents?

• A) Over half of the states have enacted statutes governing the behavior of sports agents.
• B) Efforts are underway to develop a uniform act addressing regulation of sports agents because none exists at the present time.
• C) Players associations' model contracts describe the nature of the services agents can perform on behalf of their principals and the duties the parties owe to one another.
• D) Some states have established criminal penalties for athletes who violate the state law addressing regulation of sports agents, but most states focus on criminalizing the activity of sports agents.
• E) The Major League Baseball Players Association's Regulations Governing Player Agents expressly state that agents act in a fiduciary capacity vis-à-vis their athlete clients.

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Definitions:

Privacy Act of 1974

A U.S. law that establishes a Code of Fair Information Practice which governs the collection, maintenance, use, and disseminating of personally identifiable information about individuals that is maintained in systems of records by federal agencies.

Internal Revenue Service

The Internal Revenue Service (IRS) is the agency of the U.S. government tasked with collecting taxes and enforcing the laws related to taxes.

Government in the Sunshine Act

A U.S. law aimed at ensuring that agencies conduct their meetings in public, promoting transparency.

Public Observation

The act of watching, monitoring, or scrutinizing activities, processes, or events by the general public, often for oversight or interest purposes.