Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is an example of apparent authority? Multiple Choice Garner, the president of XYZ Manufacturing instructs a clerk to purchase copy paper

Which of the following is an example of apparent authority?
Multiple Choice
Garner, the president of XYZ Manufacturing instructs a clerk to purchase copy paper for the main offices of XYZ
and does not expressly seek approval from the board of directors.
Hanson, a staff accountant for Lincoln and Abraham, CPAs, audits the financial statements of a client.
Melody has official legal authority to act as an agent for her brother Drake, who is developmentally disabled.
Nalon, the president of Nalco, told Greeves, a customer, that his friend Fannie was his national sales manager. This
was not true, but Greeves reasonably believed it and entered into a contract with Fannie.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions