Which of the Following Statements Is True About Apparent Authority

question 21

Multiple Choice

Which of the following statements is true about apparent authority?

• A)Only a general agent can have apparent authority.
• B)Only a special agent can have apparent authority.
• C)If the agent justifiably believed he had authority,his authority would be apparent.
• D)If a third party justifiably believed the agent had authority,the agent's authority would be apparent.

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Definitions:

Pretax Income

The total income earned by an individual or a business before any taxes are deducted.

Unemployment Compensation

Unemployment compensation refers to the financial assistance provided by the government to unemployed workers who meet certain eligibility criteria, aiming to reduce the economic burden of unemployment.

Employers

Entities or individuals that hire and employ workers, providing compensation in exchange for the performance of job duties and contributing to the labor market dynamics.

Lorenz Curve

The Lorenz curve is a graphical representation of the distribution of income or wealth within a society, illustrating inequalities.