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:

Automated Process

A type of cognitive processing that occurs automatically, without conscious thought, often as a result of learning and repetition.

Inner Representation

The mental symbols or images used to represent objects, events, and relationships in the mind, influencing how information is processed and interpreted.

Gate Theory of Pain

A theory suggesting that pain signals passing through the spinal cord can be blocked or moderated by gates in the spinal cord, influenced by other peripheral sensory signals and the brain.

Neurons

Specialized cells of the nervous system that transmit signals to different parts of the body, serving as the building blocks of the nervous system.