Asked by Kayla Ellison on May 18, 2024
Verified
In an express agency relationship,the agent has ________ authority.
A) express
B) implied
C) apparent
D) inherent
E) statutory
Express Agency
A principal-agent relationship formed by explicit written or oral agreement between the agent and the principal.
Implied Authority
Authority of an agent that is not explicitly stated but is deemed necessary to carry out express authority.
- Determine the categories of authority that agents possess and the resulting impact on contractual and legal agreements.
Verified Answer
JJ
Jacory JurdenMay 19, 2024
Final Answer :
A
Explanation :
In an expressed agency relationship,the agent has express authority.
Learning Objectives
- Determine the categories of authority that agents possess and the resulting impact on contractual and legal agreements.
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