Question: An agent's actual authority may be ________. Select one: a. express only b. implied only c. ostensible d. either express or implied

An agent's actual authority may be ________.
Select one:
a.
express only
b.
implied only
c.
ostensible
d.
either express or implied

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 Finance Questions!

Q:

\ table [ [ Question 5 ] , [ Not yet ] , [ answered ] , [ Marked out of ] , [ 2 . 5 0 ] , [ P Flag question ] ] If a third party is led to reasonably believe that an agent is acting within the scope...

Q:

Sandra is an in-house attorney for Anytown Hospital. She has the express authority to negotiate the legal terms of contracts with outside vendors but she may not sign any contracts on behalf of the...

Q:

What is the type of authority which an agent has in an agency created by agreement? Group of answer choices A. Only express actual authority both written and oral. B. Express authority and implied...

Q:

hi, can you pls answer 11-20? thank you! Alan is a general manager at a restaurant. As part of his employment contract, he has the authority to buy supplies, hire employees, put ads on the radio,...

Q:

1.While an agent is travelling in the United States on sales calls, his principals - a husband and wife in partnership - die in an auto accident. He is informed of the deaths, and knowing that the...

Q:

Types of principals include all but which of the following? a. Disclosed principal b. Partially disclosed principal c. Undisclosed principal d. Implied principal 2. A(n) ________ principal is one...

Q:

Please answers the below True/False and Multiple choice questions from Business Law. (Please provide a brief explanation to answers if possible) Chapter: Agency Relationships 1. By definition,...

Q:

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

Q:

1. What is a tort? A- All of the above. B- Any legally recognizable injury arising from the negligent conduct of persons or corporations. C- a civil wrong to a person or property other than breach of...

Q:

5.0 Points Question 1 of 20 Which one of the following statements is more consistent with independent contractor status than employee status? A. The length of the service is indefinite. B. The...

Q:

If you were comparing the karyotypes of species that are closely related evolutionarily, what types of similarities and differences would you expect to find?

Q:

Ken is a self-employed architect in a small firm with four employees: himself, his office assistant, and two drafters, all of whom have worked for Ken full-time for the last four years. The office...

Q:

All else being equal, an increase in the yield to maturity of a bond will result in a ( n ) increase in the maturity value of the bondgreater interest rate price risk on a long - term bond than on a...

Q:

Saved Identify the type of each cost from an ice cream manufacturer: Wages of factory employees. Multiple Choice Direct materials Direct labor Manufacturing overhead Selling and administrative...