Question: The term implied authority refers to the authority, in addition to express authority, that an agent has to do whatever is reasonably necessary to accomplish

The term "implied" authority refers to the authority, in addition to express authority, that an agent has to do whatever is reasonably necessary to accomplish the objectives of an agency.

True or False

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!

1. Consider the following statement: Economists always put things into monetary terms; as a result, economics can most appropriately be called the study of money. Is this true or false? Briefly...

The term "implied" authority refers to the authority, in addition to express authority, that an agent has to do whatever is reasonably necessary to accomplish the objectives of an agency. True or...

Organizational Dynamics (2011) 40, 110118 a v a i l a b l e a t w w w. s c i e n c e d i r e c t . c o m journal homepage: www.elsevier.com/locate/orgdyn Authentic leadership and the knowledge...

-read chapter 5 1. Summarize Sackett v. EPA at the end of the chapter. 2. Choose any government agency (CIA, FCC, FDA, SEC, DEA etc. ) a. Describe the agency's function. b. When was it established...

The term "implied" authority refers to the authority, in addition to express authority, that an agent has to do whatever is reasonably necessary to accomplish the objectives of an agency.

no need explanation just correct answer as soon as possible please My Sprott Shaw - Sprott Sh. x Tn Chapter 6 Study Questions X Homework Help - Q&A from X Homework Help - Q&A from x Homework Help -...

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...

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

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...

Chapter 1. Sample Assignment Instructions Find a sample document or article online related to a main topic in the chapter. In the Discussion Section, respond to two classmates and post the title &...

1. Referencing the State of Kansas contract, you will find this is an IDIQ contract. Which other contract type could have been used for this contract? What are the pro and cons of the contract type...

Below are comparative income statements and balance sheets for Stabucks Corporation, the retail coffee vendor, fiscal year ending September 30, 2007, along with a statement of shareholders equity....

The National Science Foundation is fielding applications for grants to study climate change. Twenty universities apply for a grant, and only four of them will be awarded. If Syracuse University and...

Explain the difference between accounting value and market value. Which is more important to the financial manager? Why?

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...