Which of the Following Is an Example of an Agency

question 30

Multiple Choice

Which of the following is an example of an agency created by implication?

• A)Adam is entrusted with Peter's property and finds it necessary to do something with it in order to preserve it.
• B)Peter retrospectively affirms the authority of Adam.
• C)Adam and Peter become partners in a partnership.
• D)Peter appoints Adam under a general power of attorney to carry out a particular transaction on his behalf.

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Definitions:

Law Firms

Professional business organizations composed of lawyers who engage in the practice of law.

Corporations

Organizations that exist independently from their proprietors, with the ability to possess assets, engage in agreements, and face litigation.

Networking

Making personal connections and cultivating relationships with people in a certain field, profession, or area of interest.

Personal Business Connections

Relationships or networks established between individuals through their professional activities for mutual benefit.