The Power of an Agent to Do Whatever Is Reasonable

question 348

Multiple Choice

The power of an agent to do whatever is reasonable and customary to carry out the agency purpose is given by:

• A) express authority
• B) implied authority
• C) quasi authority
• D) false authority
• E) verbal authority

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Definitions:

Unmarried Couple

A pair of individuals in a romantic relationship who live together but are not legally married.

Tenancy by the Entirety

A form of joint property ownership available only to married couples, where each spouse has an undivided interest in the property and right of survivorship.

Tenancy in Partnership

Tenancy in Partnership describes a form of ownership where partners possess an undivided interest in property owned by the partnership for the purpose of the partnership's business.

Tenancy in Common

A form of ownership where two or more individuals own property together, each holding a distinct, undivided interest.