Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In an agency relationship, how is actual authority created? a. when the principal directly grants authority to the agent. b. when the principal's action causes
In an agency relationship, how is actual authority created?
a. | when the principal directly grants authority to the agent. | |
b. | when the principal's action causes a third party to reasonably believe the agent has authority. | |
c. | when the agent tells a third party that the agent has authority. | |
d. | when the agent's action causes a third party to reasonably believe the agent has authority. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started