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| <h1>NextGen UBE Candidate: 120 Bar Exam Flashcards</h1><p class="sub">120 cards for the 10-week BARBRI Essentials study window before a July or February bar exam.</p> |
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| var D=[{"f": "What facts usually create an agency relationship?", "b": "Mutual assent that the agent will act on the principal's behalf and subject to the principal's control.", "h": "Agency formation"}, {"f": "When is a principal bound by an agent's actual authority?", "b": "When the agent reasonably believes, from the principal's manifestations, that the principal authorized the act.", "h": "Actual authority"}, {"f": "When does apparent authority bind a principal?", "b": "When a third party reasonably believes the agent is authorized because of the principal's manifestations.", "h": "Third-party focus"}, {"f": "What is ratification in agency law?", "b": "A principal affirms a prior act done on the principal's behalf, with knowledge of material facts.", "h": "After the act"}, {"f": "When is an employer vicariously liable for an employee's tort?", "b": "When the employee commits the tort within the scope of employment.", "h": "Respondeat superior"}, {"f": "What fiduciary duties does an agent owe a principal?", "b": "Duty of loyalty, care, obedience, disclosure, and accounting.", "h": "Agency duties"}, {"f": "How is a general partnership usually formed?", "b": "By association of two or more persons as co-owners of a business for profit, whether or not they intend partnership status.", "h": "RUPA concept"}, {"f": "What is a partner's default management right?", "b": "Each partner has equal rights in management unless the partnership agreement provides otherwise.", "h": "Partnership default"}, {"f": "What is the default rule for partnership profits and losses?", "b": "Profits are shared equally; losses follow profits unless agreed otherwise.", "h": "RUPA default"}, {"f": "What fiduciary duties does a partner owe the partnership?", "b": "Duty of loyalty and duty of care, plus an obligation of good faith and fair dealing.", "h": "Partner duties"}, {"f": "What personal liability do general partners have for partnership obligations?", "b": "Partners are jointly and severally liable for partnership obligations.", "h": "General partnership"}, {"f": "What protects limited partners from personal liability?", "b": "They are generally not liable beyond their investment if the entity is properly formed and maintained.", "h": "Limited partnership"}],i=0; |
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