Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which statement is most accurate? Select one: a.An agent has apparentauthoritywhen he or she has actualauthorityfrom the principal to act on his/ her behalf b.An

Which statement is most accurate?

Select one:

a.An agent has apparentauthoritywhen he or she has actualauthorityfrom the principal to act on his/ her behalf

b.An agent has apparentauthorityif the principal allows an agent to represent themselves as having the necessaryauthorityto act for the principal, and a third party relies on the agent to transact with the principal **

c.All of the statements are accurate

d.A third party can rely on the apparentauthorityof an agent even if a reasonable person would have been suspicious of the agent's behaviour

e.A third party can rely on the apparentauthorityof an agent even when he or she knows that the agent is exceeding theirauthority

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

Recommended Textbook for

Financial And Managerial Accounting

Authors: Jan R. Williams, Joseph V. Carcello, Mark S. Bettner, Sue Haka, Susan F. Haka

14th International Edition

0071101217, 9780071101219

More Books

Students also viewed these Accounting questions

Question

Would you patronize a retailer that used dynamic pricing?

Answered: 1 week ago

Question

Solve the following 1,4 3 2TT 5x- 1+ (15 x) dx 5X

Answered: 1 week ago