« previous next »

Author Question: The authority of an agent to perform all incidental acts necessary to fulfill the purposes of the ... (Read 56 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
on: Jul 11, 2018
The authority of an agent to perform all incidental acts necessary to fulfill the purposes of the agency agreement is called
 
  A) implied authority.
  B) declared authority.
  C) apparent authority.
  D) express authority.

Question 2

Dave and Meagan Philips borrowed 150,000 from Fifth National Bank to help fund the purchase of a new home. The home serves as collateral for the loan. Fifth National has an insurable interest in the home based on
 
  A) potential responsibility for legal liability.
  B) being a secured creditor.
  C) expectation of ownership.
  D) having a contractual right.


Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Coordination of antagonist muscles to perform movement. Coordination of antagonist muscles to perform movement.
Perform Adult Rescue Breathing and One-Rescuer or Two-Rescuer CPR Perform Adult Rescue Breathing and One-Rescuer or Two-Rescuer CPR
Perform Adult Rescue Breathing and One-Rescuer or Two-Rescuer CPR Perform Adult Rescue Breathing and One-Rescuer or Two-Rescuer CPR
How to perform the substitution rule with integrals (Part 1) How to perform the substitution rule with integrals (Part 1)
Work is done by an external agent Work is done by an external agent
Athletes sometimes take supplements, such as creatine or caffeine, to enhance their athletic perform Athletes sometimes take supplements, such as creatine or caffeine, to enhance their athletic perform
Video: Cardiac conductile cells

For a complete list of videos, visit our video library