- 1 Marks
Question
The authority which is inferred or observed from the acts of both the principal and agent is referred to as:
A. Unauthorized authority
B. Implied authority
C. Ultimate authority
D. Expressed authority
E. Original authority
Answer
B. Implied authority
Explanation:
Implied authority is a form of authority not explicitly granted but inferred from the actions of both the principal and agent, indicating that the agent has authority to perform acts necessary to achieve the principal’s objectives.
- Tags: Agency Law, Authority, Implied Authority
- Topic: Agency Law
- Series: NOV 2022
- Uploader: Theophilus