Asked by
Nafisa Farah
on Nov 28, 2024
Verified
A sudden storm threatens the property of Marina Bay LLC. Ngoc, Marina Bay's sales agent, is on site, but lacks the express or implied authority to bind the firm to the cost of appropriate protective measures. Unable to communicate with Marina Bay, Ngoc
A) has emergency powers to deal with the situation.
B) cannot authorize the expense.
C) must await the principal's express ratification to act.
D) can imply a power of attorney to assume the needed authority.
Emergency Powers
Special, temporary powers granted to governments to handle crises or emergencies, allowing deviations from normal procedures or laws.
Express Authority
The explicit power given by a party to someone, allowing them to act on the party's behalf, often found in legal and organizational contexts.
Implied Authority
Authority of an agent that is not explicitly stated but is implied by the agent's actions or the circumstances of the task.
- Understand the scenarios and strategies that permit an agent to execute duties for a principal.
- Comprehend the fallout from unauthorized operations carried out by agents.
Verified Answer
BM
Learning Objectives
- Understand the scenarios and strategies that permit an agent to execute duties for a principal.
- Comprehend the fallout from unauthorized operations carried out by agents.