Question: When an agent acts in an unauthorized mannet, but a third party relies on a statement or action of the principal that creates a false

When an agent acts in an unauthorized mannet, but a third party relies on a statement or action of the principal that creates a false appearance of an agent possessing authority, which of the following is created?Multiple ChoiceActual authorityNo authorityImplied authorityExpress authorityApparent authority

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!