With regard to an implied agency,implied authority can be conferred by either industry custom,prior dealing between the parties,the agent's position and acts deemed necessary to carry out the agent's duties,or other factors a court deems relevant.

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Quizplus · Accepted Answer

This statement is true. Implied authority can be based on various factors such as custom, prior dealings, agent's positional authority, or other relevant factors as determined by the court.

With Regard to an Implied Agency,implied Authority Can Be Conferred