Author Question: The authority of an agent to perform all incidental acts necessary to fulfill the purposes of the ... (Read 63 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
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
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
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

For a complete list of videos, visit our video library