When a third party reasonably believes that the agent has authority to act for and bind the principal,which type of agency authority is created?

Name: When a third party reasonably believes that the agent has authority to act for and bind the principal,which type of agency authority is created?
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Question

Quizplus · Accepted Answer

Apparent authority is created when a third party reasonably believes that the agent has the authority to act on behalf of the principal, based on the principal's representations.

When a Third Party Reasonably Believes That the Agent Has