Which of the Following Statements Is True of an Apparent

question 31

Multiple Choice

Which of the following statements is true of an apparent agency?

• A) The authority of an apparent agent is implied from the conduct of the parties.
• B) The principal is bound to the contracts entered into by an apparent agent.
• C) The third-party is not bound to a contract created by an apparent agent.
• D) The actions of an apparent agent create an apparent agency.

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Definitions:

Psychological Deficiencies

Refers to the lack of cognitive or emotional capabilities that might impact an individual's mental health and wellbeing.

ERG Theory

Identifies existence, relatedness, and growth needs.

Need Categories

The classification of human needs into groups based on characteristics, such as physiological, safety, belonging, esteem, and self-actualization needs.

Psychological Needs

Fundamental human requirements that include the need for belonging, esteem, and self-actualization, which are essential for mental health and well-being.