An agent may bind the principal due to the agent's ________ authority.

Question

Quizplus · Accepted Answer

All three types of authority - express, implied, and apparent - can result in the agent binding the principal. Express authority is explicitly given by the principal to the agent, implied authority is based on the nature of the agency relationship and the agent's responsibilities, and apparent authority is based on the appearance of the agent's authority to a third party.

An Agent May Bind the Principal Due to the Agent's