In the modern economy, agency-by-necessity situations are becoming more commonplace.

Question

Quizplus · Accepted Answer

Agency-by-necessity situations are relatively rare and occur under specific circumstances where an agent must act to preserve the property or rights of the principal without direct authorization, typically in emergencies. The modern economy, with its advanced communication and legal frameworks, often allows for more direct and immediate forms of authorization, reducing the frequency of such situations.

In the Modern Economy, Agency-By-Necessity Situations Are Becoming More Commonplace