Apparent Authority Arises Out of Words or Conduct of a Disclosed

question 7

True/False

Apparent authority arises out of words or conduct of a disclosed or unidentified principal manifested to third persons.

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Definitions:

Blanche of Castile

Blanche of Castile was a queen consort and regent of France, known for her role in maintaining the throne for her son, Louis IX, during his minority and later crusades.

Jeanne Pucelle

Likely a misspelling or misinterpretation of Jeanne d'Arc (Joan of Arc), who was a French heroine and saint, known for her role during the Lancastrian phase of the Hundred Years' War.

Risk Averse

A description of an investor's or an individual's preference for avoiding loss rather than making a gain.

Portfolio

An assortment of financial assets including stocks, bonds, commodities, cash, and equivalents, as well as mutual funds and exchange-traded funds (ETFs).