« previous next »

Author Question: The authority of an agent to perform all incidental acts necessary to fulfill the purposes of the ... (Read 70 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?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Electroencephalography (EEG). To perform the EEG, electrodes attached to the patient’s head pick up Electroencephalography (EEG). To perform the EEG, electrodes attached to the patient’s head pick up
A historical timeline of regulatory acts, standards, and organizations A historical timeline of regulatory acts, standards, and organizations
Common negligent acts Common negligent acts
Schools are a primary agent of socialization. One of their functions is to teach children the ... Schools are a primary agent of socialization. One of their functions is to teach children the ...
Holocaust Survivors with PTSD perform less well on a two memory tasks than either Holocaust ... Holocaust Survivors with PTSD perform less well on a two memory tasks than either Holocaust ...
A plastic MAP sensor used for training purposes showing the electronic circuit board and electrical ... A plastic MAP sensor used for training purposes showing the electronic circuit board and electrical ...
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library