Agency by indemnification occurs when (1)a person misrepresents himself or herself as another's agent when in fact he or she is not and (2)the purported principal ratifies the unauthorized act.
Correct Answer:
Verified
Q29: Implied authority is the authority that the
Q30: An agency arrangement must be based on
Q31: Implied authority cannot conflict with express authority
Q32: With regard to an implied agency,implied authority
Q33: In an express agency,the agent has the
Q35: If the principal and agent enter into
Q36: A durable power of attorney remains effective
Q37: In a power of attorney relationship,the agent
Q38: There are two (2)kinds of powers of
Q39: A special power of attorney limits the
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