Question: ONE true statement about apparent authority under the agency law is that it: _ _ _ _ _ _ _ _ _ _ _ _

ONE true statement about apparent authority under the agency law is that it: ____________.
Multiple choice question.
can be communicated by a principal either directly or through an agent.
exists regardless of a third party's belief in an agent's authority.
can be given to agents by themselves.
exists where an agent creates an appearance of authority without a principal's consent.

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!

Q:

Mills Corporation acquired as a long-term investment $240 million of 6% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until maturity....

Q:

Which of the following is a true statement about the level of centralization or decentralization within a firm? Multiple choice question. A firm cannot make changes in the degree to which it...

Q:

One reason standing committees are powerful is that by law they have Blank _ _ _ _ _ _ . Multiple choice question. the power to pass a bill without outside input the ability to overrule a...

Q:

One reason standing committees are powerful is that by law they have Blank _ _ _ _ _ _ . Multiple choice question. the power to pass a bill without outside input the ability to overrule a...

Q:

Identify a true statement about the use of a core workforce by an organization. Multiple choice question. It deprives the organization of new administrative and technical knowledge that could be...

Q:

Identify a true statement about the use of a core workforce by an organization. Multiple choice question. It allows the organization fully avoid legal obligations such as taxation and employment law...

Q:

A true statement about reach as a media objective is that it Blank______. Multiple choice question. measures the intensity of media schedules, based on repeated exposures can be accumulated only by...

Q:

Identify a true statement about the market - matching strategy as an initial job offer strategy. Multiple choice question. It involves offering the lower bounds of terms and conditions to the...

Q:

Identify ONE true statement about the formation of an agency: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ . Multiple choice question. an agency is formed through an oral or written consent between two parties. an...

Q:

I Have Only Three Minutes a Month! Al Petroff, CEO of DirectConnect, a world premiere producer of interface cable, was very expressive, almost rude: Look guys, my time is very expensive, and I am...

Q:

1- Identify the true statement regarding dividends. Multiple choice question. -An increase in cash dividends indicates that management expects future operating cash flows to decrease. -Like interest...

Q:

calculate No. of Cement Bags for Brick masnory if wall thickness is 30cm , length is 200m , Height is 10m and and mortar Ratio 1:4 assume Cement Content 0.052m^3 bag Capacity 35 litries (0.035 m^3).

Q:

Determine the resonant frequency of the circuit in fig 11PFE-1 and find the voltage Vo at resonance. 12 cos ot V 1mH 2

Q:

4. Describe the COORD structure.

Q:

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

Q:

What are two circumstances that affect interpretation of fair use of copyrighted material? (Objective 2)

Q:

How can a business or organization code of conduct help guide communication by its employees or members? (Objective 5)

Q:

Ethics. Technology. You received an iPod for your birthday that stores videos and pictures as well as music. Describe how using your iPod would increase your selectivity for content choice, time, and...