Liability is imposed on an agent who has exceeded his authority on the basis of an implied warranty of merchantability.
Correct Answer:
Verified
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
Q19: An agent can exercise his implied authority
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
Q25: When an agent takes an unauthorized action,
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