If the agent exceeds his or her authority,liability results-unless the principal ratifies the act or the third party has knowledge of the unauthorization.
Correct Answer:
Verified
Q1: Between the agent and the principal,it is
Q8: Many courts allow a third party to
Q9: An agent who commits a criminal act
Q10: An attorney-in-fact:
A)is the label given to an
Q11: When the principal is undisclosed,the third party
Q12: The test of an agent's implied authority
Q14: A person may have apparent authority even
Q15: Express authority:
A)is created when the principal specifically
Q17: Ratification must be expressed and may not
Q18: The test of an agent's express authority
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