An Agent May Have Apparent Authority to Act on Behalf

question 14

Multiple Choice

An agent may have apparent authority to act on behalf of the principal:

• A)even in the absence of actual authority.
• B)even if the third party did not know they were an agent.
• C)even in the absence of a 'holding out' by the principal.
• D)even if the third party knew the agent had no authority.

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Definitions:

Signoria

A form of government in Italian city-states during the medieval and Renaissance periods, characterized by rule by a single lord or a hereditary ruling family.

Medici

A powerful and influential family in Florence, Italy, during the Renaissance, known for their support of the arts, significant political control, and the production of four popes.

Merchant Capitalism

An early phase in the development of capitalism where trade and the merchant class played a primary role in economic life.

Condottieri

Condottieri were leaders of mercenary soldiers in Italy during the Middle Ages and Renaissance, hired by city-states and the papacy for military purposes.