In business law ne blackboard.com/webapps/assessment/take/launchjsp assessment i

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In business law ne blackboard.com/webapps/assessment/take/launchjsp assessment ids 399488 18ccourse id 277623 1&content; emaining Time: 1 hour, 46 minutes, 30 seconds. Question Completion Status: 28 29 30 3132 33 34 13 14 15 17 18 19 20 O (D) Special damages QUESTION 7 Which. if any, of the following options describes an agency relationship? (A) A relationship between a landlord and his or her tenants (B) A relationship in which a jewelry store is negotiating to buy wholesale diamonds. O (C) A relationship in which Bill delivers a package to Alice for Mary (D) None of the above describes an agency relationship QUESTION 8 Sullivan signs an employment agreement with Keller Construction Two days after signing. Sullivan receives a job offer from Sky Construction for considerably more money He explains the situation and asks to be released from the Kellercontract Keller agrees orally, provided Sulivan will help them find a replacement. Is this release valid? O (A) No, because the release agreement is not supported by consideration O (B) No, because a release agroement must be in writing to be valid (C) Yes, the release agreement meets the requirements for a valid release OgD) we cannot say without knowing whether Sudan has yet done any work for Rear Chek Save arid Submit to save and submit. Cliek Save All Answers to save all ansuwers

Explanation / Answer

Answer to Question 7.

Option C describe an agency relationship.

Agency relationship exist where a person called principal gives legal authority to other person called an agent to act on the principal's behalf when dealing with a third party.

Here, Bill is an agent, Mary is a principal and Alice is a third party.

Bill is deaing with Alice on behalf of Mary for the delivery of package.

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