Joe is appointed to sell a yacht on explicit instructions from the owner.Joe is acting with

Question

Quizplus · Accepted Answer

Actual authority is the authority conferred upon an agent by the principal through express or implied agreement. In this scenario, Joe is specifically appointed by the owner to sell the yacht, giving him actual authority to perform this task on behalf of the owner. The other options, such as apparent authority, promissory reliance, and unilateral authority, do not apply in this situation. Mutual dependence is not a relevant term in this context.

Joe Is Appointed to Sell a Yacht on Explicit Instructions