To bind the third party, restrictions on an agent's authority must be:
A) known to the third party.
B) in contract form between the agent and principal.
C) in writing.
D) None of the above
Correct Answer:
Verified
Q56: A sales clerk at a department store
Q56: Constructive notice occurs when the announcement regarding
Q57: "I'll make good on my employee's promise,"
Q58: Under apparent authority:
A)a principal is never liable
Q60: Express authority:
A)must be in writing.
B)can limit the
Q62: Independent contractors are:
A)not covered by workers' compensation.
B)covered
Q63: In an undisclosed principal situation in which
Q64: The breach of the fiduciary duty by
Q65: Russ Belmont is a staff accountant at
Q66: What is the general rule with regard
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents