Which of the Following Statements Is True of Agency by Estoppel

question 3

Multiple Choice

Which of the following statements is true of agency by estoppel?

• A) It determines an agent's authority based on customs, circumstances, and the facts of a situation.
• B) If a third person is led by a principal to believe that a certain individual is the principal's agent, it grants an agent the authority to act.
• C) It is formed when a third party is unaware of the existence of a principal.
• D) It occurs when an unauthorized agent commits a principal to an agreement and the principal accepts the unauthorized agreement.

---

Definitions:

Compacting

The process of reducing the size of files or databases by eliminating gaps, redundant data, or compressing its content to save storage space.

Link Option

A feature that allows the creation of hyperlinks, connecting text or images to another document or webpage.

Decimal Places

The count of numerals positioned to the right of the decimal point in a number, demonstrating its level of accuracy.

Number Field

An input field designed to accept only numerical data, often used in forms and databases.