A principal can be held responsible for an agent whose authority has previously been terminated if the principal does not make the termination known to the parties who previously did business with the agent. This is known as _____ authority.
A) express
B) implied
C) lingering
D) master-servant
E) inter vivos

Question

Quizplus · Accepted Answer

Lingering authority occurs when a principal fails to notify third parties about the termination of an agent's authority, leading those parties to believe the agent still has authority.

A Principal Can Be Held Responsible for an Agent Whose