Which of the Following Types of Agency Occurs When a Principal

question 34

Multiple Choice

Which of the following types of agency occurs when a principal leads a third party to believe another individual serves as his or her agent,but the principal has actually made no agreement with the so-called agent?

• A) Expressed agency
• B) Implied agency
• C) Apparent agency
• D) Ratification
• E) Endorsement

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Definitions:

Shadow Property

In programming, a property not directly visible in a class model but created in a database to hold foreign keys or other necessary data.

Text Box

A GUI element that allows the user to input text data into a document or form.

ActiveX Control

A component software technology that enables interactive content or multimedia within web pages and software applications.

Command Button

A command button is an interactive element in a graphical user interface that executes a specific function or command when clicked.