Question: Express authority _ _ _ _ _ . Multiple Choice is created by the conduct of the principal that causes a third person to incorrectly

Express authority

_____.

Multiple Choice

is created by the conduct of the principal that causes a third person to incorrectly but reasonably believe that an agent has the authority to act for the principal

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

arises from the subjective belief of a third party dealing with the agent

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

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!

Express authority: Multiple Choice is created when the principal specifically describes the extent of the agent's powers. arises from the principal's failure to inform third persons that the...

ARTICLE 1 RESISTANCE TO CHANGE: THE REST OF THE STORY Prevailing views of resistance to change tell a one-sided story that favors change agents by proposing that resistance is an irrational and...

Instructions Prompt: San Diego, Californian is usually a cool 74 degrees year-round. However, an unseasonable cold front has come in from Alaska that has caused San Diego to fall below 50 degrees....

Apparent authority may exist only if the agent has express authority conferred by the principal either orally or in writing if the principal's conduct causes a third person to reasonably believe that...

Last Lecture - In the last lecture, we covered selected materials on contract law in Chapter 13 (\"Practical Contracts\"] and Chapter 14 (\"Sales"] We discussed when parties should want their...

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....

Do the reading assignment and then look up KRS 275.520 and read its text.Then answer the questions below. Fully explain your answers: 1.What is the taxation advantage of a LLC as opposed to a...

USING THE I-R-A-C STRUCTURE IN WRITING EXAM ANSWERS The IRAC method is a framework for organizing your answer to a business law essay question. The basic structure is: Issue, Rule, Analysis, and...

An agency is a fiduciary relationship between two parties in which one person has a duty to serve another person by putting the other party s interests first. In an agency relationship, one of the...

Case In State v. Zeta Chi Fraternity (1997), Zeta Chi Fraternity was convicted of selling alcohol to a person under the age of 21, and of prostitution. State v. Zeta Chi Fraternity 686 A.2d. 530...

The proportion of female statistics students is greater than 0.5. Identify expressions that identify the type I error and the type II error that correspond to the given claim.

If a train traveling at 60 km/hr crosses a pole in 30 seconds. Then find the length of the train.

Pew Research in 2018 polled a random sample of 1058 U.S. teens (ages 13-17) about Internet use. 44.7% reported that they were online \"almost constantly\"-a fact of great interest to advertisers....

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...