Question: An agent can exercise his implied authority when: A. third persons believe that authority exists because past actions of the agent were ratified by the

An agent can exercise his implied authority when:

A.

third persons believe that authority exists because past actions of the agent were ratified by the principal.
B.

the agent is a special agent and not a general agent.
C.

the principal's property interests need to be protected by the agent during an emergency.
D.

the principal does not grant the agent any powers.

2. Express authority:

A.

is created when the principal specifically describes the extent of the agent's powers.
B.

arises from the principal's failure to inform third persons that the relationship between the principal and the agent is not what it appears to be.
C.

arises from the justifiable belief of a third party dealing with the agent.
D.

is created by the conduct of the principal that causes a third person to incorrectly believe that another has the authority to act for the principal.

3. An attorney-in-fact:

A.

is the label given to an agent whose authority is in writing.
B.

is the label given to an agent whose authority is implied.
C.

is the label given to an agent whose authority is apparent.
D.

is the label given to an agent whose authority is passed on after the demise of the principal.

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