LAW (Truth or False) Agency Relationship _ An agent's exercise of apparent authority, in the absence...
LAW (Truth or False) Agency Relationship
_ An agent's exercise of apparent authority, in the absence of actual authority, is in violation of the agent's duty to the principal.
_ An agency relationship arises when the agent acts for his own benefit under the direction of the principal.
_ No express agreement is needed to create a partnership.
Homework Answers
1. True. An agent should exercise authority only when he is authorized by the principal.
2. False. Because Agent should act for the benefit of principal
3. True. No express agreement is needed to create a partnership
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LAW (Truth or False) Agency Relationship
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