Anna hired Juan to act as her sales agent in her auto dealership.However,Anna has instructed Juan not to enter into any sales contracts before she has had a chance to review the transaction.One day,Juan entered into a sales contract with William without informing Anna first.Has Juan created a contract with William that is binding on Anna in this situation?
A) Yes,Juan had actual authority to act.
B) Yes,Juan had express authority to act.
C) Yes,Juan had implied authority to act.
D) Yes,Juan had apparent authority to act.
Correct Answer:
Verified
Q21: Tara,an agent,enters into a contract on behalf
Q22: Which of the following determines an agent's
Q23: Borg is the vice-president of purchasing for
Q24: The process by which a principal binds
Q25: Express authority is created by:
A)words.
B)actions.
C)past dealings.
D)body language.
Q27: Susan is hired to manage a business.Because
Q28: Ordinarily,an agent is not liable for unauthorized
Q29: _ arises when the principal's manifestations cause
Q30: Ralph,the owner of a medium-sized business operated
Q31: Implied ratification arises when:
A)the principal's conduct justifies
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