Richard wants to purchase Maria's farm. Maria leads Richard to believe that Simon is her agent, even though he is not. Which of the following statements is true of this scenario?
A) Simon cannot represent Maria as she has not authorized him to be her agent.
B) Agency through ratification grants Richard the authority to buy Maria's farm.
C) Maria is estopped from denying that Simon is her agent.
D) Simon can act on behalf of Maria only if she suffers from an illness that renders her mentally incompetent to take any decisions.
C
You might also like to view...
According to the text, most commercial market research is descriptive in nature
Indicate whether the statement is true or false
The distinguishing feature of purchase and media panels is that the respondents record specific behaviors as they occur
Indicate whether the statement is true or false
The development of international accounting standards is the primary function of the
A) IRS. B) AICPA. C) IASB. D) PCAOB.
Pat is in a demographic group that currently accounts for slightly more than half of the American workforce. Pat is most likely female.
Answer the following statement true (T) or false (F)