Under apparent authority:
A) a principal is never liable for the acts of an agent
B) a principal is liable for creating the appearance of an agency relationship.
C) there is no agency relationship.
D) None of the above
B
You might also like to view...
When evaluating a message to ensure the writing is formal enough to meet the audience's expectations, what should be considered?
A) Content B) Organization C) Tone D) Clarity E) Details
A trustee has a duty to make proper allocation of benefits and burdens between income beneficiaries and remaindermen. Which of the following statements is true concerning this allocation?
a. Current expenses are chargeable to the remaindermen. b. Extraordinary expenses are chargeable to the remaindermen. c. Money paid for the use of trust property is chargeable to the remaindermen. d. Any profit from the use of trust property is allocated to the remaindermen.
The most widely purchased homeowners' insurance providing all risks coverage on the dwelling and named perils coverage on personal property is
A) Basic Format HO-1. B) Broad Form HO-2. C) Special Form HO-3. D) Comprehensive Form HO-5.
The concept that emphasizes that people should not put all their eggs in one basket is
A) the time dimension of investing. B) the curse of competitive investment markets. C) diversification reduces risk. D) the farmers analogy. E) liquidity is first.