Multiple Choice
The principal is bound by representations that:
A) are necessary for the agent to make in order to accomplish the purpose of the agency since they would be apparently authorized.
B) the agent is expressly authorized to make.
C) the agent makes even if the third person is aware that the agent has exceeded his actual authority.
D) may not be customary in the kind of business being transacted by the agent.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: Any act that the principal could have
Q7: When Nancy's aunt left for her annual
Q8: Ratification does not release the agent from
Q9: For ratification to be effective, the:<br>A) agent
Q10: Direct liability occurs when the:<br>A) agent is
Q12: Misrepresentations by an agent made with the
Q13: An agent can limit the liability for
Q14: Ratification may be inferred from the principal's
Q15: Authority is implied when the principal specifically
Q16: Which of the following statements is true