Regarding the effect of termination of agency on authority, the general rule of the Third Restatement is that:
a. it is reasonable for third parties to assume that an agent's actual authority continues unless and until the third party has notice of circumstances that make it unreasonable to continue that assumption.
b. the termination of actual authority automatically terminates any apparent authority held by the agent.
c. apparent authority ends only upon actual notice, either oral or written, to the third party.
d. apparent authority continues until the third party with whom the agent has previously dealt on credit receives constructive notice of termination.
a
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When services are created or produced at the time of consumers need them, they fall under the characteristic of ____.
A. Variability B. Perishability C. Inseparability D. Intangibility
Which of the following is an example of publicity?
a. Neon Power, a manufacturer of electronic goods, uses its salesforce to sell directly to its customers. b. Silky Blue, an apparel store, announces huge discounts on its products for the year-end sale. c. The Blue Bird, a daily newspaper, publishes a review about the latest model car from Storm, a car manufacturing company. d. Neil's Food Factory, a manufacturer of food products, relies largely on paid-for advertisements on television for its products.