Which of the Following Terms Is Synonymous with "Apparent Authority

question 5

Multiple Choice

Which of the following terms is synonymous with "apparent authority"?

• A) actual authority
• B) implied authority
• C) ostensible authority
• D) agency by estoppel

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Definitions:

Actual And Apparent Authority

Actual authority refers to the power a principal intentionally gives to an agent to act on the principal's behalf, while apparent authority exists when the principal's actions lead a third party to believe that an agent has certain powers, even if such powers have not been explicitly granted.

Zircon

A mineral belonging to the group of nesosilicates, often used in jewelry as a diamond simulant and in various industrial applications.

Liability

The legal obligation to answer for one's actions, chiefly in matters concerning debts or legal responsibilities.

Misrepresentation

The act of providing false, misleading, or incorrect information about a material fact, intentionally or unintentionally, leading another to act to their detriment.