Asked by Caroline Bachus on May 05, 2024
Verified
Agency by implied authority cannot conflict with any ________.
A) apparent agency.
B) implied agency.
C) express authority.
D) applied agency.
E) alleged agency.
Implied Authority
Powers of an agent that are not expressly granted but assumed to be necessary to conduct the principal's business.
Express Authority
Express authority refers to the specific powers given to an agent or entity, explicitly outlined in a contract or agreement.
Apparent Agency
A situation where a principal indirectly indicates that another (the agent) is authorized to act, leading a third party to believe that the agent is acting within their authority.
- Differentiate among expressed, implied, and apparent agency, along with the concept of ratification in the formation of agency.
Verified Answer
SA
sarah AlharbiMay 07, 2024
Final Answer :
C
Explanation :
Agency by implied authority cannot conflict with any express authority. Express authority is explicitly granted to the agent by the principal, whereas implied authority is authority that is not explicitly stated but is assumed to be granted in order to carry out express authority.
Learning Objectives
- Differentiate among expressed, implied, and apparent agency, along with the concept of ratification in the formation of agency.