Miguel hires Grace to be his agent for the next two years. Six months into the agency relationship, Miguel no longer wishes to have Grace as his agent. Can Miguel terminate the agency relationship? a Yes, but only if Grace agrees to terminate the relationship. b Yes, but he may be liable for wrongful termination of the relationship. c Yes, and he can do so unilaterally and without consequence. d No, the relationship must continue for the full two-year period. A third party is led to believe that an agent has the authority to bind the principal even though the principal has not given the agent the authority to so act. The principal knows that the third party believes that the agent has authority, but the principal has done nothing to correct the third party. What type of authority is described in this scenario? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Actual authority b Apparent authority c Express authority d Implied authority Assuming that the agent has the authority to act, who is liable when an agent acts on behalf of a partially disclosed principal? a The agent only b The principal only c Both the principal and the agent d Neither the principal nor the agent Generally, the doctrine of respondeat superior makes a principal liable for which of the following? a Crimes committed by employees b Crimes committed by independent contractors c Torts committed by employees d Torts committed by independent contractors