Question

In: Accounting

There are 7 different ways a principal can create authority for its agent true or false?

There are 7 different ways a principal can create authority for its agent

true or false?

Solutions

Expert Solution

In law, 3 kinds of authority are recognized.

They are:

1) Actual authority (whether expressed or implied)

2) Apparent authority and

3) ratified authority.

Therefore, the above statement is false.


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