A sports company has hired a very famous athlete to endorse a line of sports products. The relationship between the sports company and the athlete is: Blank______.Multiple choice question.agent-incidental beneficiaryprincipal-agentemployer-employeeemployer-principal

Ted hired three men from the Trim-a-Tree Company to take a large, dead tree down in his back yard. The men came to Ted's house with their own tools and proceeded to cut the tree down. The relationship between Ted and the men he hired is: Blank______.Multiple choice question.employer-employeeemployer-independent contractoragent-incidental beneficiaryagent-third party beneficiary

Peggy made a contract on behalf of Kay to purchase some sports equipment for Kay. Kay had never formally entered into an agency agreement with Peggy, but Peggy claimed she was the agent for Kay. If Peggy negotiates an order for the sports equipment, shows that agreement to Kay, and Kay signs the contract, Kay and Peggy have: Blank______.Multiple choice question.an agency relationship by estoppelan agency relationship by ratificationno agency relationshipan agency relationship by apparent authority

When an employer hires an employee to enter into contracts on its behalf, this is known as a(n) Blank______ relationship.Multiple choice question.delegator-delegateeemployer-independent contractorprincipal-agentthird-party beneficiary

In an agency relationship the Blank______.Multiple choice question.principal delegates decision making authority to an agentall legal issues have to be approved by a board appointed auditor agentshareholders enter into a legal relationship with each otheragent delegates decision making authority to a principal

Multiple Choice QuestionTwo parties are involved in an agency relationship: The _______ is the one who wishes to have a specific task accomplished; the _______ is the one who acts on behalf of the person to accomplish the task.Multiple choice question.agent; principalplaintiff; defendantprincipal; agentdefendant; plaintiff