Which of the Following Terminates Apparent Authority

question 41

Multiple Choice

Which of the following terminates apparent authority?

• A)Firing an employee
• B)An employee quitting
• C)An employee retiring
• D)None of the above

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Definitions:

Safety-deposit Boxes

Secured containers held within banks or vaults where individuals can store valuable items or documents for protection.

Bailor

The party in a bailment contract who temporarily transfers possession but not ownership of a property or good to another party.

Bailee

A person or entity who is given temporary possession but not ownership of personal property by another for a specific purpose.

Insurer

A company that provides insurance policies to individuals or entities, offering financial protection against specified risks.