Which of the following is a true statement? Contractual capacity is not needed f
ID: 337656 • Letter: W
Question
Which of the following is a true statement?
Contractual capacity is not needed for the principal in a principal-agent relationship.
One characteristic of independent contractors is that they can never also be agents and thus enter into contracts on behalf of a principal.
Even when an employee is an employee at-will, statements made in the employer’s policy and procedure manual may give employees implied-in-fact contracts right that limit the circumstances under which the employer can discharge the employee.
A power of attorney requires that the agent with the power be an attorney licensed by at least one state bar association as well as the federal bar association.
A.Contractual capacity is not needed for the principal in a principal-agent relationship.
B.One characteristic of independent contractors is that they can never also be agents and thus enter into contracts on behalf of a principal.
C.Even when an employee is an employee at-will, statements made in the employer’s policy and procedure manual may give employees implied-in-fact contracts right that limit the circumstances under which the employer can discharge the employee.
D.A power of attorney requires that the agent with the power be an attorney licensed by at least one state bar association as well as the federal bar association.
Explanation / Answer
Which of the following is a true statement?
Contractual capacity is not needed for the principal in a principal-agent relationship.
One characteristic of independent contractors is that they can never also be agents and thus enter into contracts on behalf of a principal.
Even when an employee is an employee at-will, statements made in the employer’s policy and procedure manual may give employees implied-in-fact contracts right that limit the circumstances under which the employer can discharge the employee.
A power of attorney requires that the agent with the power be an attorney licensed by at least one state bar association as well as the federal bar association.
A.Contractual capacity is not needed for the principal in a principal-agent relationship.
B.One characteristic of independent contractors is that they can never also be agents and thus enter into contracts on behalf of a principal.
C.Even when an employee is an employee at-will, statements made in the employer’s policy and procedure manual may give employees implied-in-fact contracts right that limit the circumstances under which the employer can discharge the employee.
D.A power of attorney requires that the agent with the power be an attorney licensed by at least one state bar association as well as the federal bar association.
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