Question
In regard to Actual Authority - A) 1. Actual authority is transmitted directly by the agent to the principal.2. The principal may express such authority
In regard to Actual Authority -
A) 1. Actual authority is transmitted directly by the agent to the principal.2. The principal may express such authority in either written or spoken form.3. Actual authority may also be implied from the actions of the principal and agent or from the nature of either partys position (such as a corporate officer).
B) 1. Actual authority is transmitted directly by the principal to the agent.2. The principal may express such authority in either written or spoken form.3. Actual authority may also be implied from the actions of the principal and agent or from the nature of either partys position (such as a corporate officer).
C) 1. Actual authority is transmitted directly by the principal to the agent.2. The agent may express such authority in either written or spoken form.3. Actual authority may also be implied from the actions of the principal and agent or from the nature of either partys position (such as a corporate officer).
D) 1. Actual authority is transmitted directly by the principal to the agent.2. The principal may express such authority in either written or spoken form.3. Actual authority may not be implied from the actions of the principal and agent or from the nature of either partys position (such as a corporate officer).
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