Athlete Agent Regulations: A Comprehensive Guide

Chapter 10 Test Questions

True or False

1. A written contract is necessary to create a valid agency relationship. FALSE
2. An agency relationship is a fiduciary relationship. TRUE
3. A Standard Representation Agreement for a professional sport league would be considered an apparent agency agreement. FALSE
4. Ratification occurs when an agent did not in fact have authority to act of behalf of the principal, but the principal accepts responsibility for the agent’s acts. FALSE
5. Most athlete agent acts such as the UAAA regulate dealings only between athlete agents and student athletes. TRUE
6. One of the most consistent limitations imposed on athlete agents by the players associations is the registration and certification process for representing professional athletes. TRUE
7. The definition of an athlete agent under the UAAA encompasses a “runner” or other worker who recruits student athletes to enter into agency agreements.
8. If a student athlete exercises his right to cancel an agency contract within 14 days of signing, the contract is void and the student athlete’s amateur eligibility is not lost with the NCAA.
9. In those states that have not adopted the UAAA or some other specific legislation that regulates athlete agents, the only restrictions imposed on an athlete agent would be from SPARTA.  TRUE

Multiple Choice

1. A fiduciary is defined as someone who does which of the following?
   1. Acts primarily for the benefit of another
2. All of the following are entities that regulate a player agent, except:
   1. Some state governments
   2. NCAA
   3. Colleges and universities
   4. Player associations
   5. National Federation of State High School Associations
3. In the Jones v. Archibald focus case, All-Pro represented Nate Archibald, a professional athlete, in contract negotiations and financial management. Plaintiff, Jones, contacted Nate Archibald to make a one-day appearance at Jones’ boys’ camp and was told by Archibald to contact his agent, All-Pro. All-Pro informed plaintiff that Archibald would appear at the camp on August 15, 1973. On August 9, Archibald notified All-Pro that circumstances prevented him from making the appearance. What type of agency is represented in the above scenario?
   1. Disclosed
4. A relationship between two parties in which one party agrees to act as representative of the other party is known as which of the following?
   1. A principal/agent relationship