Apparent Authority May Arise by an Agent's Showing a Third

question 8

True/False

Apparent authority may arise by an agent's showing a third party a document from the principal authorizing the agent to enter into such a transaction.

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Definitions:

Functional Structures

An organizational design that groups employees by their similar skills, resource uses, and expertise to perform work efficiently.

Cost Containment

Strategies or measures implemented to control, reduce, or maintain expenses within a given budget.

Divisional Structures

An organizational structure that groups departments based on common products, services, markets, or geographical locations.

Few Products

A situation where a business offers a limited selection of goods or services.