Which of the Following Statements Is/are True in Relation to the Authority

question 2

Multiple Choice

Which of the following statements is/are true in relation to the authority of real estate agents in New South Wales to participate in the contract of sale?

• A)Agents may enter into a contract of sale and participate in an exchange if they have express approval of the principal or the principal's legal representative.
• B)A principal who does not give an agent express authority to exchange contracts may be legally bound by the contract that was exchanged by an agent with implied authority.
• C)Agents do not have statutory authority to exchange contracts.Their authority in this area is based on the common law.
• D)All of the above.
• E)A and B only.

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Definitions:

High Density Situations

Situations or environments where there is a high concentration of individuals in a given space, which can often lead to increased stress or social tension.

The Who Concert

Specifically refers to any live performance by the legendary rock band The Who.

Love Parade

An electronic dance music festival and techno parade that originated in Berlin, Germany, in 1989 and was characterized by large crowds and a celebration of peace, love, and unity.

Collective Behavior

The actions, thoughts, and feelings of a group of people in situations where conventional rules of conduct are perceived to be less applicable.