Susan is hired to manage a business.Because she has been hired as a manager,she has the authority to make contracts that are reasonably necessary for conducting the business.This is called:
A) express authority.
B) apparent authority.
C) implied authority.
D) fixed authority.
Correct Answer:
Verified
Q22: Which of the following determines an agent's
Q23: Borg is the vice-president of purchasing for
Q24: The process by which a principal binds
Q25: Express authority is created by:
A)words.
B)actions.
C)past dealings.
D)body language.
Q26: Anna hired Juan to act as her
Q28: Ordinarily,an agent is not liable for unauthorized
Q29: _ arises when the principal's manifestations cause
Q30: Ralph,the owner of a medium-sized business operated
Q31: Implied ratification arises when:
A)the principal's conduct justifies
Q32: _ occurs when a principal manifests assent
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