Jim Agrees to Act on Joyce's Behalf,subject to Her Control,and

question 49

Multiple Choice

Jim agrees to act on Joyce's behalf,subject to her control,and Joyce trusts Jim to so act. They set out the terms in a written document,which they both sign. This is

• A)an agency by agreement.
• B)an agency by estoppel.
• C)anagency by operation of law.
• D)not an agency relationship.

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Definitions:

Risk of Loss

The chance that an asset might be lost, stolen, or damaged, and the question of who bears this risk under the terms of a contract.

Pleadings Provided

Legal documents submitted by parties in a lawsuit that set forth the claims, defenses, and other legal arguments involved in the dispute.

Return Policy

Guidelines and conditions under which a retailer allows consumers to return purchased goods for a refund, exchange, or store credit.

Damaged Copies

Refers to items, especially books or documents, that have been physically harmed or degraded in quality.