Authority That a Third Person, in View of the Circumstances

question 35

Multiple Choice

Authority that a third person, in view of the circumstances, the conduct of the parties, and a lack of notice or knowledge to the contrary, may reasonably consider to exist is known as:

• A) actual implied.
• B) apparent.
• C) actual express.
• D) None of these.

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Definitions:

Global Trade

The exchange of goods, services, and capital across international borders, influenced by global economic policies and agreements.

Service Industries

Sectors of the economy that provide intangible goods or services to consumers, such as healthcare, banking, and education.

Extractive Industries

Industries, such as mining, oil drilling, and logging, that remove natural resources from the earth, often with significant environmental impact.

Knowledge-Based Economy

A knowledge-based economy is an economy where growth is primarily derived from the quantity, quality, and accessibility of the information available, rather than physical inputs or natural resources.