Multiple Choice
Which of the following is a true statement?
A) Ratification applies to previously unauthorized acts.
B) Actual authority must be expressly created and cannot be based on custom or past dealings.
C) Apparent authority is based on what the principal communicates to the agent and not to the third party.
D) Actual authority must always be expressed in writing.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: Which of the following is an example
Q22: A principal has a duty to reimburse
Q23: In an agency relationship the principal's control
Q24: If an agent suffers losses while acting
Q25: Mike worked for Frank's Pizza as a
Q27: Respondeat superior makes a principal liable for<br>A)
Q28: Mike calls Beth and asks her to
Q29: Agency law primarily exists on the<br>A) state
Q30: Explain the three-prong test the IRS uses
Q31: Clyde has been hired to deliver a