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.
|
|
2. Express authority:
|
A. |
|
is created when the principal specifically describes the extent of the agent’s powers.
|
|
|
B. |
|
arises from the principal’s failure to inform third persons that the relationship between the principal and the agent is not what it appears to be.
|
|
|
C. |
|
arises from the justifiable belief of a third party dealing with the agent.
|
|
|
D. |
|
is created by the conduct of the principal that causes a third person to incorrectly believe that another has the authority to act for the principal.
|
|
3. An attorney-in-fact:
|
A. |
|
is the label given to an agent whose authority is in writing.
|
|
|
B. |
|
is the label given to an agent whose authority is implied.
|
|
|
C. |
|
is the label given to an agent whose authority is apparent.
|
|
|
D. |
|
is the label given to an agent whose authority is passed on after the demise of the principal.
|
|
