Which of the Following Types of Agency Exists When a Third

question 90

Multiple Choice

Which of the following types of agency exists when a third party reasonably believes, on the basis of a principal's actions, that an agency relationship exists between the principal and another individual?

• A) Express
• B) Implied
• C) Acknowledged
• D) Perceived
• E) Apparent

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Definitions:

Communication

The process of exchanging information, ideas, thoughts, feelings, and messages through speech, writing, signals, or behavior.

Source

The origin or starting point of something, frequently used in reference to where information or materials come from.

Behavioural Component

The aspect of psychological theories or models that pertains to observable actions and responses to stimuli.

Positive Attitude

An outlook on life that involves focusing on the good and expecting positive outcomes.