Posted: July 24th, 2016

A principal may transact, through an agent, any business the principal lawfully could do in person?

B. conduct background checks of each potential foreign agent.
C. be on the lookout for red flags warning of possible illicit payments.
D. all of the above.

Question 6
An agency at will means that:
A. each party has the power to terminate the agency even if there is no contractual right to do so.
B. only the principal can terminate the agency.
C. only the agent can terminate the agency.
D. none of the above.

Question 7
Which of the following implied warranties addresses the status of the ownership of goods:
A. title.
B. merchantability.
C. fitness.
D. both (b) and (c).

Question 8
By accepting goods, the buyer forfeits remedies against the seller for any non conformities in the goods.
True
False

Question 9
A principal may transact, through an agent, any business the principal lawfully could do in person.
True
False

Question 10
Under the UCC, benefits of warranties extend to persons who did not themselves actually purchase the particular defective goods.
True
False