Marta sold Phillip's racing cycle to Bill while Phillip was away on business in Toronto.Phillip hadn't expected Marta to act in this way,but he happily accepted the $1500 cash and signed a receipt.In this instance,the agency relationship exemplifies which of the following?
A) implied authority
B) agency by estoppel
C) agency by ratification
D) actual authority
Correct Answer:
Verified
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