What are the two types of authority an agent can have to make the principal liable on a contract made by the agent?
A) Actual and apparent authority
B) Actual and ratification authority
C) Apparent and ratification authority
D) Ratification and estoppel authority
Correct Answer:
Verified
Q29: _ arises when the principal's manifestations cause
Q30: Ralph,the owner of a medium-sized business operated
Q31: Implied ratification arises when:
A)the principal's conduct justifies
Q32: _ occurs when a principal manifests assent
Q33: How does agency law stimulate business activity?
A)By
Q35: What happens if a third-party gives proper
Q36: Which of the following is true of
Q37: What are the two types of ratification?
A)Express
Q38: _ means that the principal's rights and
Q39: _ is the authority the principal wants
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