Which of the Following Is True About Implied Authority

question 58

Multiple Choice

Which of the following is true about implied authority?

• A)It is the sole determinant of a partner's actual authority.
• B)It is determined with reference to what is usual business for partnerships of the same general type.
• C)It exists because it reasonably appears to a third party that a partner has authority to do an act.
• D)It may contradict a partner's express authority.

---

Definitions:

Cross-Sequential

A research design that involves studying different participants of various ages over time to understand changes across the lifespan.

Longitudinal Study

Research that follows the same subjects over a long period of time, collecting data at multiple intervals to observe changes or developments.

Monitoring the Future

A long-term study that tracks the behaviors, attitudes, and values of American secondary school students, college students, and young adults.

Research Design

The overall strategy that a researcher chooses to integrate the different components of the study in a coherent and logical way, thereby ensuring effective address of the research problem.