An Agent's Implied Authority Is Always Considered Superior in Law,and

question 63

True/False

An agent's implied authority is always considered superior in law,and thus can contradict principal's express statements.

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Definitions:

Credit Report

A detailed report of an individual's credit history prepared by a credit bureau and used by lenders to determine creditworthiness.

Prequalification Offer

An initial offer made based on a preliminary assessment of the recipient's qualifications, often used in loan or credit applications.

Consent Order

A consent order is a legal agreement approved by a judge or regulatory authority, where parties agree to specific terms without admitting guilt or liability.

Illegal Behavior

Actions that violate laws and regulations, subjecting the perpetrator to legal penalties.