Question: What is not a true statement concerning apparent authority? Group of answer choices It is true authority to act for a principal. It is based

What is not a true statement concerning apparent authority?
Group of answer choices
It is true authority to act for a principal.
It is based on appearances created by the principal.
It is essential that the third person reasonably believe that the agent has authority.
Merely giving possession to another party does not create apparent authority to sell.

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