Asked by
Lakshya Varshney
on Nov 28, 2024Verified
In an emergency situation, an agent has the authority to act appropriately under the circumstances.
Emergency Situation
A sudden, urgent, usually unexpected occurrence or condition that requires immediate action or assistance.
- Define the extent and boundaries of an agent's power and the accountability of the principal regarding it.
- Recognize the different forms of authority, including actual, implied, and apparent, and their impact on the relationship between principal and agent.
Verified Answer
VB
Learning Objectives
- Define the extent and boundaries of an agent's power and the accountability of the principal regarding it.
- Recognize the different forms of authority, including actual, implied, and apparent, and their impact on the relationship between principal and agent.
Related questions
If an Agent Has the Apparent Authority to Act, the ...
An Executive Corporate Officer Can Normally Conduct Ordinary Business Transactions ...
If an Agent Contracts Outside the Scope of His or ...
When a Principal Has Given a Third Party Reason to ...
Apparent Authority in an Agency Relationship Arises When the Principal ...