Which of the Following Statements Best Describe an Agency by Estoppel

question 83

Multiple Choice

Which of the following statements best describe an agency by estoppel?

• A) It refers to an agency that arises when a principal ratifies a contract created by an unauthorized agent.
• B) It refers to an agency created when a principal and an agent expressly agree to enter into an agency agreement.
• C) It refers to an agency that is not expressly stated but is implied and inferred in the conduct of the parties.
• D) It refers to an agency that arises when a principal creates the appearance of an agency that in actuality does not exist.

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Definitions:

Arthur Koestler

A British-Hungarian writer known for works exploring the intersection of science, politics, and creativity, including the book "The Act of Creation."

Habit

A regular behavior or routine that is performed repeatedly and often automatically.

Creativity

The ability to produce ideas or problems to solutions that are unique, appropriate, and valuable.

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.