$1)$ Which of the following is false with respect to the agency relationship? $1)\_\_\_\_\_\_\_$

A$)$ An agent can be acting gratuitously and still bind the principal.

B$)$ Actual authority is the authority the principal has specifically given the agent, but in some

situations it may be implied.

C$)$ An agent's apparent authority may be implied from the position that the agent holds in the

employer's organization.

D$)$ An agent's authority is limited to whatever authority the principal specifically gives the

agent.

$2)$ Why is the distinc