In What Way Are an Agent's Actual Authority and an Agent's

question 48

Multiple Choice

In what way are an agent's actual authority and an agent's apparent authority similar?

• A) Both must be expressed in writing.
• B) Both bind the principal.
• C) Both restrict an agent to a single purpose.
• D) Both are defined by statute.

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Definitions:

Continuous Random Variable

A variable that can assume an infinite number of values within a specific range and is used in probability and statistics.

Homes Sold

The number of residential properties that have been sold over a specific period of time.

Discrete Random Variable

A variable that can only take on a finite or countably infinite set of distinct values, often representing counts or categories.

Standard Deviations

The measure of the dispersion or spread of data points in a data set from its mean, reflecting how much variation there is from the average.