A Power of Attorney terminates if the principal becomes incapacitated, unless it is a special kind of Power of Attorney known as a "Durable Power of Attorney." A Durable Power of Attorney remains effective even if a person becomes incapacitated.
Which of the following is true of an independent contractor's liability? The independent contractor is personally liable for the torts he or she commits.
Death or Insanity of Either Party: The agency is terminated when the agent or principal dies or becomes insane. On the death of either the agent or the principal, the agency is automatically terminated because a person cannot act on behalf of non-existent person.
partially disclosed principalA partially disclosed principal or “unidentified principal” is a person whose existence but not identity is made known to the third party through words or the performance of an authorized act.Jul 29, 2016
Which of the following is true when a person hires an independent contractor to perform some tasks? The contractor is responsible for the proper performance of the contract.
A tortfeasor incurs tort liability, meaning that they will have to reimburse the victim for the harm that they caused them. In other words, the tortfeasor who is found to be “liable” or responsible for a person's injuries will likely be required to pay damages.Apr 24, 2018
An agency relationship, such as in a listing, may be terminated by all of the following methods except: resignation of the agency by the real estate broker. mutual termination by agreement of both the agent and the seller. destruction of the property with which the agency is concerned.
Section 201 Termination of agency: An agency is terminated by the principal revoking his authority, or by the agent renouncing the business of the agency; or by the business of the agency being completed; or by either the principal or agent dying or becoming of unsound mind; or by the principal being adjudicated an ...Feb 14, 2015
In other words, notifying the agent is regarded as actually notifying the principal. Which of the following actions does NOT terminate an agency contract? The answer is relocation.
A. If the third party is aware of the principal's existence but not his or her identity, the principal is classified as a disclosed principal.
A partially disclosed principal is a principal whose identity is not known by the third party. Nevertheless, the third party known that the agent is or may be acting for a principal at the time the contract is made. 3. An undisclosed Principal is a principal whose identity is totally unknown by the third party.
Also, a principal may tell her agent to keep her identity secret to preserve her bargaining position, such as when a national retailer tries to buy land on which to build a large store. the third party lacks knowledge or reason to know both the principal's existence and the principal's identity.
Terms in this set (121) Marlon intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to. make the sale. In the contract, Marlon authorizes Nita to make the sale at or above a minimum. price he wants and the date by which he wants the sale to be completed. The contract also.
a short circuit in the house causes a power outage. Dean uses his authority to hire an electrician. to repair the circuits and restore electricity in the house. Marcus then comes back and pays Dean. for the electricity repair. What is the nature of the agency that Dean used to fix the electricity.
C. Marcus employs a real estate broker, Dean, to sell his house. Dean's express powers are to. advertise and market the house for sale, show the house to prospective buyers, and accept offers. from persons who want to purchase the house. He is not allowed to seal a deal without Marcus'. consent.
Taylor gives a power of attorney to his twin brother Corey, permitting Corey to make all. decisions on his behalf while he is abroad. As per the terms of the power of attorney, Corey is. allowed make decisions to purchase or sell stocks on Taylor's behalf, sell Taylor's real estate if.
Patient Self-Determination Act (PSDA) Ensures that patients are informed of their rights and have the opportunity to determine the care they will receive. (PSDA) Patient's Bill of Rights. Statement of the rights to which patients are entitled as recipients of medical care. Patient's Bill of Rights.
Durable Power of Attorney (POA) a document that permits an individual (Known as a principal) to appoint another person (Known as an agent) to make any decisions regarding health care it the principal should become unable to make decisions. Durable Power of Attorney. Ethics.
Civil LAw. Defamation. Occurs when false statements either cause a person to be ridiculed or damage the person's reputation. Defamation. Designation of Health Care Surrogate. Also called Durable Power of Attorney;
False written statement that causes a person ridicule or contempt or causes damage to the person's reputation. Libel. Living Wills. A legal document stating a person's desires on what measures should or should not be taken to prolong life when his or her condition is terminal.
Agent. Someone who has the power or authority to act as the representative of another. agent. Assault and Battery.