Asked by Ankush Aggarwal on Apr 29, 2024
Verified
Implied authority includes the acts that the agent is expressly and directly authorized to perform.
Implied Authority
Authority that is not explicitly stated but is assumed to be granted in order to fulfill the responsibilities of a position or role.
Expressly Authorized
Explicitly given permission or authority to undertake a specific task or action.
- Comprehend the essential elements and classifications of authority in the relationship between an agent and an agency.
Verified Answer
CM
Cameron MichaelMay 01, 2024
Final Answer :
False
Explanation :
Implied authority includes the acts that the agent is not expressly authorized to perform but are necessary and reasonably incidental to the performance of the expressly authorized acts.
Learning Objectives
- Comprehend the essential elements and classifications of authority in the relationship between an agent and an agency.