
Essentials of Business Law 7th Edition by Anthony Liuzzo
Edition 7ISBN: 978-1121749979
Essentials of Business Law 7th Edition by Anthony Liuzzo
Edition 7ISBN: 978-1121749979 Exercise 5
Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column.
a. agent
b. agency by necessity
c. agency by ratification
d. apparent authority
e. attorney in fact
f. express authority
g. contract of agency
h. disclosed principal
i. implied authority
j. irrevocable agency
k. partially disclosed principal
l. power of attorney
m. principal
n. undisclosed principal
An agreement between a principal and an agent in which the agent is vested with authority to represent the principal.
a. agent
b. agency by necessity
c. agency by ratification
d. apparent authority
e. attorney in fact
f. express authority
g. contract of agency
h. disclosed principal
i. implied authority
j. irrevocable agency
k. partially disclosed principal
l. power of attorney
m. principal
n. undisclosed principal
An agreement between a principal and an agent in which the agent is vested with authority to represent the principal.
Explanation
The corr ect answer is .
An agency con...
Essentials of Business Law 7th Edition by Anthony Liuzzo
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