What type of authority is based on the law's recognition that agents must have the authority to act in certain ways in order to perform their duties, even if the principal does not explicitly provide this authority?
A) express authority
B) implied authority
C) indirect authority
D) apparent authority
Correct Answer:
Verified
Q49: In a valid contract, consideration can take
Q50: In which type of contract are the
Q51: Which of the following duties does an
Q52: Henry, who is already 25, promised in
Q53: Aaron Wright is a sales agent for
Q55: When a loan officer grants a loan
Q56: Consideration: Both parties must provide something of
Q57: Which type of damages are monetary payments
Q58: What type of authority exists when a
Q59: What is "mutual assent"?
A) an offer freely
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents