When Was MySpace Founded

question 90

Multiple Choice

When was MySpace founded?

• A)2001
• B)2002
• C)2003
• D)2004

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Definitions:

Apparent Authority

A doctrine in agency law whereby a principal is liable for the actions of an agent, as the agent appears to third parties to have the authority to act on behalf of the principal.

Express Authorization

Express authorization is a clear and direct granting of permission or power to act, often specified in writing, that delineates the scope and terms under which actions may be taken.

Consideration

The value (such as money, services, or goods) exchanged between parties in a contract, making the agreement legally binding.

Apparent Authority

The impression given by a principal to a third party that an agent has the authority to act on the principal’s behalf.