Question: 10. Apparent authority exists when the principal creates an impression of authority in an agent that leads a third party to believe that the agent

10. Apparent authority exists when the principal creates an impression of

10. Apparent authority exists when the principal creates an impression of authority in an agent that leads a third party to believe that the agent does have authority. O a. True O b. False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

A principal is subject to direct liability to a third party harmed by an agent's conduct when principal ratifies the agent's conduct. A True B False An at-will employee has the right to quit a job at...

Q14: Which is not a necessary element of negligence? a. a causal connection between the wrongdoer's negligent behavior and the resulting harm to the injured party b. the wrongdoer owed the injured...

a. a causal connection between the wrongdoer's negligent behavior and the resulting harm to the injured party b. the wrongdoer owed the injured party a duty of care c. the wrongdoer's actions were...

1.when determining whether an agent has apparent authority, the focus is on words or conduct by the principal directed to the third party the third party's subjective belief express instructions...

BLAW-3310-003-LEGAL/ETHICAL BUS ENVIRONMENT 1.Sole proprietorships must register with their state government to be able to operate a business legally. A. TRUE B. FALSE 2.Partnership agreements must...

Which of the following is a false statement? There are several common and statutory exceptions to the employment at will doctrine. Firing a worker who refuses to commit an illegal act most likely...

Apparent authority exists if a principal causes a third party to believe reasonably that an agent has authority to act. A. True B. False

Apparent authority means that a principal is liable for the acts of an agent who is not, in fact, acting with authority if the principals conduct causes a third party reasonably to believe that the...

1. Inferences from other facts and circumstances, including prior habits, are considered authority. a. implied actual O b. express actual C. constructive implied 00 O d. constructive expressed Topic...

BUSINESS LAW - BLAW150 - Winter 2017 Instructor: Frank Fischer ASSIGNMENT #2 - 1st Alternative DUE DATE: Friday April 21, 2017 11:59 pm I have decided to create two (2) alternative assignments for...

Which CPA firm audits the financial statements of Lowe's? Group of answer choices Ernst & Young PricewaterhouseCoopers KPMG Deloitte & Touche

When an unsymmetrical alkene such as propene is treated with N-Bromosuccinimide in aqueous dimethyl sulfoxide, the major product has the bromine atom bonded to the less highly substituted carbon...

In financial reporting of segment data, which of the following must be considered in determining whether an operating segment is a reportable segment? A . Both sales to external customers and...

2) (50 points) The inventory of a purchased component is controlled with a continuous review (Q,R) policy. The component's demand over three weeks of lead time follows a uniform distribution with a...

4. In what way is a values system crucial to a communication process?

3. How can rumours about someone contribute to creating the behaviour we expect him / her to have? Use examples from your own everyday life.

2. How can the expectations we have of a person contribute to the image we have of him / her? Give some examples from your own everyday life.