Homework SourseMatch Column A with Column B 1 Disclosed principal a princip
Match Column A with Column B
| 1) Disclosed principal | a) principal whose identity and existence are unknown by third parties |
| 2) Undisclosed principal | b) agent must protect these and not use them for personal profit |
| 3) Broker | c) person who retains control over the details of how work is to be accomplished |
| 4) Independent contractor | d) type of agent who has limited authority to find a customer to complete a sale of property |
| 5) Power of attorney | e) a principal whose existence and identity are known by third parties |
| 6) Duty of loyalty | f) a duty generally owed only to principals but, in certain situations, also owed to third parties |
| 7) Trade secrets | g) means to hold a person harmless or free from liability- a duty owed by principals to agents |
| 8) Duty to account | h) a method of terminating an agency relationship |
| 9) Indemnification | i) The foundation of every agency relationships |
| 10) Consent | j) the written document used to formally appoint an agent |
Solution
The Column A is matched with Column B and is presented as below:
1)
e)
2)
a)
3)
d
4)
h)
5)
j)
6)
c)
7)
b)
8)
f)
9)
g)
10)
i)
| 1) | e) |
| 2) | a) |
| 3) | d |
| 4) | h) |
| 5) | j) |
| 6) | c) |
| 7) | b) |
| 8) | f) |
| 9) | g) |
| 10) | i) |
