You have contracted orally with Patty to buy some real estate on her behalf.The only limitations are that she wants a vacant lot in a residential area for less than $100,000.If you find such a residential lot costing $85,000,what type of authority do you have to enter into this transaction on Patty's behalf?

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Express authority is when an agent is given specific instructions by their principal on what they are authorized to do. In this case, Patty has given you express authority to buy a vacant lot in a residential area for less than $100,000.

You Have Contracted Orally with Patty to Buy Some Real