Shared Flashcard Set

Details

Objective 7.00 Vocats
Agency Relationships
16
Law
Not Applicable
12/02/2010

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Cards

Term
The Nuclear Regulatory Commission was created to do which activity?
Definition
Ensure safety to commercial use of nuclear materials
Term
Mary was fired by her employer in retaliation for "whistle blowing". Which term identifies this action?
Definition
Unjust dismissal
Term
Wendy's employer wants to pay her less than the minimum wage. Which law would Wendy use to protect her current wages from being changed?
Definition
Fair Labor Standards Act
Term
Troy is identified as Mary's agent by circumstance and created by law. Which term is used to describe this type of agency?
Definition
Agency by Estoppel
Term
Which duty expects employers to properly maintain a healthy work envirnoment?
Definition
Reasonable Treatment
Term
LaShaunda was laid off by her employer. What benefit is she entitled to receive?
Definition
Unemployment Benefits
Term
How often are the Environmental Impact Statements updated?
Definition
Every Week
Term
Which act was created to regulate recycling, sources of reduction, and sustainable agriculture?
Definition
Pollution Prevention
Term
Fred represented Harold for free in a transaction for the sale of his rental property to Nancy. Mike is renting the property from Harold. Who is the principal in this situation?
Definition
Harold
Term
Fred represented Harold for free in a transaction for the sale of his rental property to Nancy. Mike is renting the property from Harold. Who is the third party in this situation?
Definition
Nancy
Term
Fred represented Harold for free in a transaction for the sale of his rental property to Nancy. Mike is renting the property from Harold. What type of agency exists in this situation?
Definition
Gratuitous Agency
Term
Fred represented Harold for free in a transaction for the sale of his rental property to Nancy. Mike is renting the property from Harold. What type of trust does Harold expect of Fred?
Definition
Fiduciary Trust
Term
Fred represented Harold for free in a transaction for the sale of his rental property to Nancy. Mike is renting the property from Harold. What type of authority does Fred owe Harold?
Definition
Actual Authority
Term
Fred represented Harold for free in a transaction for the sale of his rental property to Nancy. Mike is renting the property from Harold. Who is the agent in this situation?
Definition
Fred
Term
Jack asked Jill to sell his car while he was on vacation in the Caribbean. When Jill agreed to becomes Jack's agent, she had the power to legally bind Jack to a sales contract. They had a voluntary, consensual relationship. Jill did not receive payment for the service. What type of agent is Jill?
Definition
Gratuitous Agent
Term
Jack asked Jill to sell his car while he was on vacation in the Caribbean. When Jill agreed to becomes Jack's agent, she had the power to legally bind Jack to a sales contract. They had a voluntary, consensual relationship. Jill did not receive payment for the service. What term identifies Jack in this situation?
Definition
Principal
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