If an Agent Claims to Have Authority but in Fact

Multiple Choice

If an agent claims to have authority but in fact has none, the principal is:

A) not responsible for the agent's dealings with third parties who have no reason to think the agent has authority
B) responsible for the agent's dealings with third parties who have no reason to think the agent has authority
C) responsible for up to 50% of the monetary value of any contracts entered into by third parties and the agent
D) responsible for up to 25% of the monetary value of any contracts entered into by third parties and the agent
E) none of the other choices are correct