An agency arrangement based on the conduct of the two parties is what type of agency?

Question

Quizplus · Accepted Answer

An implied agency arrangement is one that is not explicitly established through a written or oral agreement, but rather by the behavior and actions of the parties involved. It is based on implied authority, which means that the agent has the implied authority to act on behalf of the principal based on what the principal has allowed or encouraged them to do. This can include situations where the principal has allowed the agent to act on their behalf without objection, or where the agent has acted in a way that suggests they have authority to do so.

An Agency Arrangement Based on the Conduct of the Two