Multiple Choice
Regarding the effect of termination of agency on authority, the general rule of the Third Restatement is that:
A) it is reasonable for third parties to assume that an agent's actual authority continues unless and until the third party has notice of circumstances that make it unreasonable to continue that assumption.
B) the termination of actual authority automatically terminates any apparent authority held by the agent.
C) apparent authority ends only upon actual notice, either oral or written, to the third party.
D) apparent authority continues until the third party with whom the agent has previously dealt on credit receives constructive notice of termination.
Correct Answer:

Verified
Correct Answer:
Verified
Q45: Compare and contrast ratification and adoption of
Q46: No apparent authority exists where the third
Q47: A subagent owes a fiduciary duty to
Q48: An agent, at his principal's direction, fixes
Q49: Which of the following is correct with
Q51: Gerald, an agent, who makes a contract
Q52: The doctrine of _ is the basis
Q53: Discuss whether the principal is liable in
Q54: The principal may ratify either the entire
Q55: Edward is hired to manage Fred's business.