____ is the authority given by the principal to the agent.

Question

Quizplus · Accepted Answer

Actual authority is the authority given by the principal to the agent, and it is typically specifically granted through a written or verbal agreement. Artificial authority refers to the appearance of authority but without actual authorization, legitimate authority refers to authority that is recognized by law or society, general authority refers to broad authority granted to an agent without specific limitations, and total authority is not a commonly used term in agency relationships.

____ Is the Authority Given by the Principal to the Agent