Statements best defines power of attorney

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Reference no: EM132192473

1. Which of the following best describes delivery?

A) It is the intentional transfer of something illegal for safekeeping.

B) It is the intentional transfer of possession and control of something.

C) It is the conditional transfer of possession and control of something.

D) It is the unintentional transfer of possession or theft of something.

2. Which of the following statements best defines a power of attorney?

A) It is an official document that confers the rights of ownership of certain property to another person.

B) It is the power conferred by a court to enable a party to manage the financial affairs of another party.

C) It is a written instrument indicating how a person’s property is to be divided in the event of his/ her death.

D) It is a written instrument indicating the appointment of an agent for the performance of certain tasks.

3. A(n) _____ is one who receives possession of another’s property for the purpose of sale on commission.

A) attorney in fact

B) broker

C) factor

D) factor del credere

4. Which of the following is true of duties that an employee has toward the employer?

A) An employee’s inventions must be handed over to the employer without fail.

B) An employee retains no duty of confidentiality regarding business matters.

C) An employee is expected to work toward advancing the employer’s interests.

D) An employee should perform over and above ordinary skill level consistently.

5. Which of the following statements best defines customary authority?

A) It is the authority specifically delegated to an agent by the agreement creating the agency.

B) It is the authority that an agent is believed to have because of the principal’s behavior.

C) It is the authority to act on behalf of another that arises when such agents ordinarily possess such powers.

D) It is the authority to do things not specifically listed in a contract so that the purpose of the agency can be fulfilled.

6. Which of the following is true under the child labor provisions of the Fair Labor Standards Act?

A) Children under the age of 16 cannot be employed by parents or guardians to work as actors.

B) Youth between the ages of 18 and 20 are not allowed to work in industrial factories.

C) Youth between the ages of 16 and 18 are not allowed to work in industries that are hazardous to health.

D) Children between the ages of 16 and 18 cannot be employed in certain agricultural positions.

7. _____ is the process by which employers and unions negotiate and agree on the terms of employment for employees.

A) Employee negotiation

B) Collective bargaining

C) Employer arbitration

D) Union representation

Reference no: EM132192473

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