An agent can exercise his implied authority when:
A) third persons believe that authority exists because past actions of the agent were ratified by the principal.
B) the agent is a special agent and not a general agent.
C) the principal's property interests need to be protected by the agent during an emergency.
D) the principal does not grant the agent any powers.
Correct Answer:
Verified
Q14: If an agent acts for a corporation
Q15: Express authority:
A) is created when the principal
Q16: An attorney-in-fact is the technical label given
Q17: Apparent authority is the true authority granted
Q18: One may become liable through ratification for
Q20: Liability is imposed on an agent who
Q21: Ratification releases the:
A) principal from liability.
B) agent
Q22: Ratification may be inferred by a court
Q23: Marissa, the CEO of Carmine Laboratories, appointed
Q24: Which of the following statements is true
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