Examlex

Solved

What Type of Authority Is Based on the Law's Recognition

question 10

Multiple Choice

What type of authority is based on the law's recognition that agents must have the authority to act in certain ways in order to perform their duties, even if the principal does not explicitly provide this authority?


Definitions:

Product X

A placeholder name for a generic product or service being discussed or analyzed.

Sherman Act

A foundational United States antitrust law passed in 1890, aiming to restrict monopolistic practices and promote market competition.

Interstate Commerce Act

A United States federal law that was designed to regulate the railroad industry and its monopolistic practices by requiring reasonable and just rates, prohibiting rebates, and ensuring fair treatment of railway users.

Wheeler-Lea Act

The federal law of 1938 that amended the Federal Trade Commission Act by prohibiting unfair and deceptive acts or practices of commerce (such as false and misleading advertising and the misrepresentation of products).

Related Questions