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Author Question: A principal has a ______ the agent for reasonable expenses incurred in carrying out the duties of ... (Read 139 times)

mp14

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on: Jun 24, 2018
A principal has a ______ the agent for reasonable expenses incurred in carrying out the duties of the agency.
 a. duty to cooperate with
  b. duty of loyalty to c. duty to reimburse
  d. duty of obedience to
  e. none of the other choices would apply

Question 2

On September 27, Summers sent Fox a letter offering to sell Fox a vacation home for 150,000 . On October 2, Fox replied by mail agreeing to buy the home for 145,000 . Summers did not reply to Fox. Do Fox and Summers have a binding contract?
 a. No, because Fox failed to sign and return Summers's letter.
  b. No, because Fox's letter was a counteroffer.
  c. Yes, because Summers's offer was validly accepted.
  d. Yes, because Summers's silence is an implied acceptance of Fox's letter (Law, 2, 0462).


Koolkid240

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Reply #1 on: Jun 24, 2018
Answer to Question 1

c

Answer to Question 2

.B


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