Which of the Following Is Not a Requirement for Establishing

question 32

Multiple Choice

Which of the following is not a requirement for establishing that an agent has apparent authority?

• A)The agent did not have actual authority.
• B)The third party knew that the agent did not have actual authority.
• C)The principal 'held out' the agent as having authority to act on their behalf.
• D)The third party relied upon that holding out and assumed that the agent had actual authority.

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Definitions:

Incentive Pay

Financial reward given to employees beyond their regular salary, often based on performance criteria, to motivate and encourage higher productivity.

Downside Risk

The potential for loss or negative outcome in an investment or business situation.

Upside Potential

The potential for an investment, company, or project to increase in value or profitability.

Aggregation

The process of combining multiple data sets or information to produce summaries or insights for analysis.