LAW 531 Final Exam Latest University of Phoenix Tutoring

Sarah and Sandeep apply for the same post at Diadem Inc. The recruiter selects
Sandeep because he believes that a man would suit the job role better.
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46. Identify a characteristic of an implied agency.
The agency relationship can be deemed void only with the consent of both the
parties.
The agreement of the agency relationship is in written form.
The agency relationship is formed after both the parties have agreed upon
common terms.
The degree of authority of an agent is defined by the circumstances and facts of
a particular scenario.
47. Identify an accurate statement about the World Trade Organization
(WTO).
It has 180 member nations.
It has its headquarters in Washington, DC.
It has a seven-member appellate body that hears appeals.
It has a five-member panel that hears trade disputes.
48. Identify the true statement about the ownership of mislaid property.
The finder of mislaid property gets complete ownership of the property against
the owner of the premises in which the property was mislaid.
The original owner cannot reclaim the ownership of mislaid property if it has been
in the possession of someone else.
The finder of mislaid property can legally acquire partial ownership of the
property from the original owner.
The owner of the region where the property was mislaid is automatically obliged
to take care of the property until the rightful owner finds it.
49. What is true about a quitclaim deed?
It is most frequently used among sellers and buyers.
It provides maximum protection to the grantee as it involves complete transfer of
ownership to him or her.
It does not include an affirmation that the grantor owns the property that is being
transferred.
It is exclusively used during the sale of personal property and cannot be used
during the sale of real property.