If an agent has always done a certain act that was not expressly authorized by the principal, but the principal has acquiesced in the conduct, the principal assents to the conduct. The authority granted to the agent in such a way is known as an _____ authority.
A) apparent
B) implied
C) express
D) inherited
Correct Answer:
Verified
Q26: With reference to the agency relationship, which
Q27: In the case of a third party
Q28: In the case of limited partnership, which
Q29: Which of the following statements is true
Q30: With reference to the agency relationship, which
Q32: With reference to a third party contract,
Q33: Which of the following terms best represents
Q34: The most important duty of the principal
Q35: Which of the following terms best represents
Q36: With reference to the two characteristics of
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