How Long Does an Agent's Apparent Authority Continue Once an Agency

question 87

Multiple Choice

How long does an agent's apparent authority continue once an agency relationship is terminated?

• A)24 hours
• B)7 days
• C)Until the principal notifies third parties that the agency relationship has ended.
• D)30 days
• E)It ends immediately

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Definitions:

Market Equilibrium

A condition or state where the quantity demanded of a good or service at a certain price equals the quantity supplied, leading to a stable market condition.

Collusion

An agreement, usually secretive, between firms to fix prices, limit supply, or inhibit competition.

Candy Bar Manufacturers

Companies or entities that specialize in producing and distributing candy bars.

Grocery Store

A retail establishment that primarily sells food, both fresh and packaged, along with various household items.