Solved

Agency by Estoppel Means

Question 197

Multiple Choice

Agency by estoppel means:


A) conduct on the part of the agent that implies an agency relationship must be stopped as soon as the principal implies disagreement
B) the principal has ratified actions of the agent in the past, creating the impression of a formal agency
C) the agent creates an appearance of authority in the principal which leads a third party to reasonably conclude that the agent has the authority to perform certain acts
D) conduct by the agent through word or actions is not sufficient to bind the principal to contracts the agent creates
E) none of the other choices

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents