Question: A situation in which the Agent acts outside the authority granted by the Principal, but upon learning of the conduct the Principal approves or affirms

A situation in which the Agent acts outside the authority granted by the Principal, but upon learning of the conduct the Principal approves or affirms the action is known as an agency created by:

Group of answer choices

Privity of Relationship.

Context.

Ostensible

(

Estoppel

) .

Ratification.

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 General Management Questions!

What conditions made for successful rival leagues throughout history? Why did the AAF fail so quickly? Is there a path forward for either planned league in 2020 and beyond? What about newly emerging...

A situation in which the Agent acts outside the authority granted by the Principal, but upon learning of the conduct the Principal approves or affirms the action is known as an agency created by:...

A situation in which the Agent acts outside the authority grant upon learning of the conduct the Principal approves or affirms agency created by: Privity of Relationship. Context. Ostensible...

Please answer this question and i will give thumbs up. Thank you so much QUESTION: Hamid inherited $50,000.00 when his brother passed away. As he and his wife Barbara were fairly ignorant about...

No. 97-282 ________________________________________________ In the SUPREME COURT OF THE UNITED STATES October Term, 1997 ________________________________________________ BETH ANN FARAGHER,...

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Instructions: Read the fact summary and answer the questions at the bottom of the page in a separate document. Each answer should be 5-7 sentences, typed, single-spaced, 12-point font, 1\"margins....

Chapter 1. Sample Assignment Instructions Find a sample document or article online related to a main topic in the chapter. In the Discussion Section, respond to two classmates and post the title &...

CASE STUDY Bayer v. Crested Butte Mountain Resort Job Number: 135830247 Document (1) Bayer v. Crested Butte Mt. Resort, 960 P.2d 70 Client/Matter: -None Search Terms: Bayer v. Crested Butte Mountain...

-read chapter 5 1. Summarize Sackett v. EPA at the end of the chapter. 2. Choose any government agency (CIA, FCC, FDA, SEC, DEA etc. ) a. Describe the agency's function. b. When was it established...

21.When a person, by his words and conduct, allows a third party to believe that the particular person is his agent even when he is not, and the third party relies on it to the detriment of the third...

Use the following probabilities to answer the question. Round to 4 decimal places. P(A)=0.37, P(B)=0.58, P(A and B)=0.05 P(B l A)= A migraine is a particularly painful type of headache, which...

Vasquez Corporation is considering investing in two different projects. It could invest in both, neither, or just one of the projects. The forecasts for the projects are as follows. The minimum rate...

Please help me solve the rest of this problem it is incomplete right now. Show all images Show all images Show all images done loading

Los bienes que adquiere una empresa para utilizarlos en la fabricacin de productos se denominan: Costo de los bienes vendidos. Inventario de materias primas. Inventario de artculos terminados....