23.When an agent retains benefits or profits that belong to his/her principal a.

ID: 2532994 • Letter: 2

Question

23.When an agent retains benefits or profits that belong to his/her principal

a.an action against the agent for replevin may be brought by the principal.

b.the principal may demand an accounting from the agent.

c.the principal may demand that the agent post a bond in an amount determined by the court.

d.an action against the agent for the imposition of a contructive trust may be brought by the principal.

14.If a sale involves specific goods already in existence, identification under the UCC occurs

a.when the goods are set apart from other goods by the seller.

b.when the goods are labeled by the seller as belonging to a particular contract.

c.when the goods are shipped to the buyer.

d.when the contract is made.

Answer :

23. Option A (an action against the agent for replevin may be brought by the principal.)

14. Option D (when the contract is made.)

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