Match the following terms with their defi nitions: ___ A. Term agreement ___ B. Apparent authority ___
Question:
___ A. Term agreement
___ B. Apparent authority
___ C. Agency at will
___ D. A duty of an agent
___ E. Implied authority
1. When two parties make no agreement in advance about the duration of their agreement
2. When an agent has authority to do acts that are necessary to accomplish an assignment
3. When two parties agree in advance on the duration of their agreement
4. When behavior by a principal convinces a third party that the agent is authorized, even though she is not
5. Duty of loyalty
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Related Book For
Introduction To Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff Rey F. Beatty, Susan S. Samuelson
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