Express Authority Can Be Created By

question 37

Multiple Choice

Express authority can be created by:

• A) words spoken directly to the agent.
• B) conduct.
• C) written words given to one person to give to another person, the agent.
• D) All the above.

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Definitions:

Shipment Seized

This refers to the confiscation or taking hold of goods by authorities, usually due to regulatory or legal issues.

Equilibrium Price

The cost at which the supply and demand for goods are exactly balanced in the market.

Fine

A sum of money required to be paid as a penalty for breaking the law or rules.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale.