An agent's power to bind a principal in contract is derived from the agent's authority, which may arise from __________ authority.
A) actual
B) apparent
C) ratification
D) All of the choices are correct.

Question

Quizplus · Accepted Answer

An agent's power to bind a principal in a contract can arise from actual authority (explicitly given by the principal), apparent authority (where the principal's actions lead a third party to believe the agent is authorized), or ratification (where the principal approves an agreement after the fact).

An Agent's Power to Bind a Principal in Contract Is