Question: Question 2 (2 points) When a principal, through words or actions, leads a third party to beleive that a non-agent really is an agent, an
Question 2 (2 points) When a principal, through words or actions, leads a third party to beleive that a non-agent really is an agent, an agency relationship has been created through 9a ratification O Oc Od express means implication (implied authority) apparent authority Question 3 (2 points) Lanie authorizes Heidi to sell his house, but nothing is said about compensation to Heidi. How much. If anything, must Lanle pay Heid when she sells Lanie's house? 0 Nothing since agency relationships are assumed to be gratuitous unless an agreement specifies compensation An amount to be determined by arbitration, O O A fair value d 7 percent of the sales price Question 4 points) Which of the following does NOT terminate a contract by operation of the tow! b OOOO destruction of the subject matter bankruptcy of the principal death or insanity of the principal bankruptcy of the agent Od
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