Question: Unless explicitly directed otherwise by a principal, an agent has implied authority to: Do whatever the agent feels would best serve the principal's interests given

Unless explicitly directed otherwise by a principal, an agent has implied authority to:
Do whatever the agent feels would best serve the principal's interests given the circumstances.
Act negligently within the scope of agency.
Do whatever is reasonably necessary to accomplish the objectives of the agency.
Enter into any type of contract on behalf of the principal.
Unless explicitly directed otherwise by a principal, an agent has 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 General Management Questions!

Q:

Unless explicitly directed otherwise by a principal, an agent has implied authority to: Enter into any type of contract on behalf of the principal. Act negligently within the scope of agency. Do...

Q:

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...

Q:

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...

Q:

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....

Q:

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...

Q:

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...

Q:

No. 97-282 ________________________________________________ In the SUPREME COURT OF THE UNITED STATES October Term, 1997 ________________________________________________ BETH ANN FARAGHER,...

Q:

I need a well written student case brief including the following: Facts: statement of the facts of the case General Analysis: the legal principles used to decide the case, including the Issue and...

Q:

[Constitution for the United States of America] [1] We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common...

Q:

[Constitution for the United States of America] [1] We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common...

Q:

The first cost of a permanent dam (n=infinity) that will provide water to a rural area is $1,000,000. The annual maintenance cost is expected to be $20,000 per year. The reliable water supply will...

Q:

The file Candybardata.xlsx contains a list of stores where you sell candy bars. The worksheet also contains the types of candy bars you sell at each store and the price charged for each candy bar....

Q:

Which of the following is a key objective of financial performance? Improved patient safety and reduced medical errors Reduced fraud or abuse leakage Increased operational speed and agility Improved...

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...