Which of the Following Is True of an Express Agency

question 4

Multiple Choice

Which of the following is true of an express agency?

• A) The agency involved is allowed to have multiple agents if desired.
• B) The agency is implied from the conduct of the parties.
• C) The agency comes to effect when the principal ratifies an unauthorized act.
• D) The agency arises when a principal creates the appearance of an agency that does not exist.

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Definitions:

Principal Authorization

The granting of authority by a principal to an agent to perform acts or make decisions on the principal's behalf, often within a specific scope.

Undisclosed Principal

A situation in which an agent acts on behalf of a principal, but the identity of the principal is not revealed to the third party at the time of the transaction.

Land Purchases

Transactions involving the buying of land property.

Walt Disney Productions

Walt Disney Productions is a historic name for The Walt Disney Company, an American diversified multinational entertainment and media conglomerate known for its film studio and theme parks.