Match the following terms with their defi nitions: ___ A. Term agreement ___ B. Apparent authority ___

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Match the following terms with their defi nitions:
___ A. Term agreement
___ B. Apparent authority
___ C. Agency at will
___ D. A duty of an agent
___ E. Implied authority
1. When two parties make no agreement in advance about the duration of their agreement
2. When an agent has authority to do acts that are necessary to accomplish an assignment
3. When two parties agree in advance on the duration of their agreement
4. When behavior by a principal convinces a third party that the agent is authorized, even though she is not
5. Duty of loyalty

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Introduction To Business Law

ISBN: 9780324826999

3rd Edition

Authors: Jeff Rey F. Beatty, Susan S. Samuelson

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