Multiple Choice
An agent will be relieved from liability for representations in excess of the agent's authority if:
A) the agent hired subagents to do some of his work.
B) the third party knows that the agent is acting in excess of his authority.
C) the principal does not ratify the act.
D) the act was undertaken with a good intent.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Apparent authority may exist:<br>A) only if actual
Q4: Is a principal liable for the acts
Q8: When Nancy's aunt left for her annual
Q12: When the agent colludes with a third
Q14: Ratification releases:<br>A) the principal from liability.<br>B) the
Q16: Which of the following statements is true
Q17: Ratification does not give the principal full
Q18: The test of an agent's express authority
Q19: A general agent:<br>A) has a limited range
Q47: A large and well-known corporation wants to