The phenоmenоn where students perfоrm аccording to their teаchers' expectаtions is called:
1. (2 pts) Skip is а mаnаger fоr Cоins Unlimited. Part оf his responsibilities include hiring employees and buying coins at coin shows. This is agency by ________________________. 2. (4 pts) While representing Coins Unlimited at a coin show, Skip finds a rare 1876 mint coin for hundreds of dollars less than its true value. Rather than purchase the coin for his employer, Skip purchases the coin for himself, then later sells it. This is likely a breach of which duty? Identify and define the duty in full sentences. 3. (2 pts) Lexington hires Priscilla to serve as his agent in the purchase of a large drone from Dove Drones Incorporated. He tells Priscilla to inform Dove Drones that she is acting on behalf of a principal, but do not disclose his identity, and tells her not to spend more than $1 million on the drone. Priscilla informs Dove Drones she is an agent, and purchased the drone on Lexington’s behalf, but spent $1.3 million. Let’s assess who is liable for the $1.3 million. What kind of a principal is this? _____________________________________________ Was the act authorized or unauthorized? _______________________________________ 4. (4 pts) Based on these responses, spend 3-4 sentences explaining whether Lexington is liable (and explain why or why not) and explain whether Priscilla is liable (and explain why or why not).