Where the Actions of a Person Convey the Impression to Third

question 19

Multiple Choice

Where the actions of a person convey the impression to third parties that he or she has given authority to a particular person to act as an agent,

• A) the authority is real and of binding legal effect.
• B) a contract negotiated by such an agent may not be adopted by the principal at a later time.
• C) third parties may assume that the agent has authority to bind the principal until notice to the contrary has been given to the third parties.
• D) the agent may be liable to the principal for acting under implied but not actual authority.
• E) all of the responses are correct.

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Definitions:

Response Time

The amount of time it takes for a system to respond to a request or for a company to address a customer inquiry or complaint.

Facilities

Physical locations and infrastructures where business operations are conducted, such as factories, warehouses, and offices.

Commoditized Products

Goods that are interchangeable with others of the same type because there is little differentiation in quality or features among producers.

One-Stop Shop

A business or service that offers a wide array of products or services, allowing customers to fulfill all their needs in one place.