Which of the following statements best defines customary authority?
A) It is the authority specifically delegated to an agent by the agreement creating the agency.
B) It is the authority to do things not specifically listed in a contract so that the purpose of the agency can be fulfilled.
C) It is the authority to act on behalf of another that arises when such agents ordinarily possess such powers.
D) It is the authority that an agent is believed to have because of the principal's behavior.
Correct Answer:
Verified
Q5: A contract appointing an agent must be
Q6: Agency by estoppel arises when:
A) a person,
Q8: Which of the following statements is true
Q9: The appointment of an agent to execute
Q11: A special agent is one who is
Q11: Which of the following is true in
Q12: A general agent may transact business that
Q13: The principal in a contract of agency
Q14: Which of the following tasks can be
Q15: A contract of agency usually involves at
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