Author Question: Which of the following statements best defines customary authority? A) It is the authority ... (Read 119 times)

berenicecastro · **on:** Jun 24, 2018

Which of the following statements best defines customary authority?
A) It is the authority specifically delegated to an agent by the agreement creating the agency.
B) It is the authority to act on behalf of another that arises when such agents ordinarily possess such powers.
C) It is the authority to do things not specifically listed in a contract so that the purpose of the agency can be fulfilled.
D) It is the authority that an agent is believed to have because of the principal's behavior.

Question 2

Defenses raised in a suit based on a sales contract differ greatly from defenses used in regard to any other type of contract.
Indicate whether the statement is true or false