An Agent Can Exercise His Implied Authority When

question 32

Multiple Choice

An agent can exercise his implied authority when:

• A) third persons believe that authority exists because past actions of the agent were ratified by the principal.
• B) the agent is a special agent and not a general agent.
• C) the principal's property interests need to be protected by the agent during an emergency.
• D) the principal does not grant the agent any powers.

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Definitions:

Conscientiousness

A personality trait characterized by being thorough, careful, or vigilant; it implies a desire to do a task well.

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability.

Ambition

Ambition is the strong desire to achieve something, typically requiring determination, hard work, and sometimes involving a plan of action.

Sociability

Refers to the tendency to seek and enjoy social interactions and to feel comfortable and cooperative within social contexts.