In agency, _____ authority is a situation in which an agent leads a third party to believe that the agent has authority to bind the principal, even where the agent lacks actual authority to bind the principal.
A) incontestable
B) express
C) implied
D) apparent
E) independent

Question

Quizplus · Accepted Answer

Apparent authority is a situation in which an agent leads a third party to believe that the agent has authority to bind the principal, even where the agent lacks actual authority to bind the principal.

In Agency, _____ Authority Is a Situation in Which an Agent