Which of the following describes an agency by estoppel?
A) an agency that arises when a principal ratifies a contract created by an unauthorized agent
B) an agency created when a principal and an agent expressly agree to enter into an agency agreement
C) an agency that is not expressly stated but is implied and inferred in the conduct of the parties
D) an agency that arises when a principal creates the appearance of an agency that in actuality does not exist
Correct Answer:
Verified
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