Which of the Following Is True with Respect to the Agency

question 146

Multiple Choice

Which of the following is true with respect to the agency relationship?

• A)An agent acting gratuitously can never bind the principal.
• B)When a principal has specifically limited the authority of the agent,that agent can never bind the principal in a contract,even if the agent acts outside his or her authority.
• C)Actual authority is the authority the principal has implied in conversations with a third party.
• D)An agent's authority is limited to whatever authority the principal specifically gives the agent.
• E)An agent's apparent authority may be implied from the position that the agent holds in the employer's organization.

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Definitions:

Technical Drawing

A precise and detailed drawing, usually created by draftsmen or engineers, used to fully and clearly define requirements for engineered items.

Symbol

A graphical element used on drawings or in documentation to represent a specific concept, operation, or component without the need for textual explanation.

Squareness

The degree to which two surfaces or lines form a perfect 90-degree angle, indicating precision and alignment.

Roundness

A geometric tolerance that limits the amount by which the surface of a part can deviate from a perfect circle.