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Business Law - Lesson 25.2 Activity

AB
A __ exists when the agent receives no consideration and there is no contractGratuitous agency
__ authority is the power to do anything that is reasonably necessary to carry out the duties expressly authorizedImplied
__ authority is created when a principal leads the third party to reasonably believe that a particular person has agency authorityApparent
__ authority is created when a principal authorizes an agent to represent the principalAgency
Apparent authority must always come from the principals words or __Conduct
__ authority is directly communicated by the principal to the agentExpress
Any writing that appoints someone as a agent is called a __Power of attorney
Implied authority may be expanded in a __Emergency
The approval of a previously unauthorized act, or an act outside the agents scope of authority, is called __Ratification


Business Education Teacher
Clinton-Graceville-Beardsley Schools

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