Which of the following is true with respect to the agency relationship?
A) Actual authority is the authority the principal has implied in conversations with a third party.
B) An agent acting gratuitously can never bind the principal.
C) When a principal has specifically limited the authority of the agent, that agent can never bind the principal in a contract, even if the agent acts outside his authority.
D) An agent's authority is limited to whatever authority the principal specifically gives the agent.
E) An agent's apparent authority may be implied from the position that the agent holds in the employer's organization.
Correct Answer:
Verified
Q8: Which of the following is correct with
Q9: Which of the following is an example
Q10: Which one of the following statements is
Q11: An agency relationship can be created by:
A)
Q12: Which of the following statements is true
Q14: If an agent breaches his duty to
Q15: In the process of assembling land for
Q16: Which of the following is correct with
Q17: Identify the true statement concerning the law
Q18: With respect to the formation of agency
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