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

Question

Quizplus · Accepted Answer

An agent may bind the principal through their express, implied, or apparent authority. Express authority is explicit and given through written or oral communication. Implied authority is not explicitly given but is necessary for the agent to carry out their duties. Apparent authority arises from the actions of the principal, which give a reasonable impression that the agent has authority to act on their behalf. Therefore, the best answer is D, as all three types of authority can bind the principal.

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