If There Is No Agreement Between a Principal and an Agent

question 70

Multiple Choice

If there is no agreement between a principal and an agent regarding the amount for which the principal will compensate the agent, which of the following statements is true?

• A) It will be assumed that the agent agreed to work for free on a gratuitous basis.
• B) The agent will be allowed to set the price which will be enforced unless it is unconscionable.
• C) The principal will be allowed to set the price which will be enforced unless it is unconscionable.
• D) The court will appoint a magistrate to set the price.
• E) Compensation will be calculated according to the customary fee in the situation.

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Definitions:

Obturator Nerve

A nerve in the pelvis that emerges from the lumbar plexus, innervating portions of the lower limbs, particularly muscles in the medial thigh.

Genitofemoral Nerve

A nerve arising from the lumbar plexus, involved in motor and sensory functions of the genital and femoral regions.

Lumbar Plexus

A network of nerve fibers in the lumbar region of the spine that supplies nerves to the lower part of the abdomen, the hips, and the legs.

White Matter

The pale-colored part of the central nervous system that is composed of myelinated nerve fibers.