Under the Restatement of the Law Third, Agency,
A. Actual authority does not continue after termination by operation of law.
B. Revocation of authorization of the agent must be in writing.
C. Apparent authority may still exist after constructive notice of the termination.
D. Bankruptcy terminates apparent authority.
Answer: C. Apparent authority may still exist after constructive notice of the termination.
You might also like to view...
Online marketing, facilitated by the Internet, by which marketers can interact directly with customers, and consumers can interact with advertisers and vendors best describes
A) market segmenting. B) interactive marketing. C) augmented reality. D) online brokering.
Of the different types of mutual funds, ________ are by far the most popular, and now account for half of all mutual funds
A) money market mutual funds B) stock mutual funds C) balanced mutual funds D) asset allocation funds E) bond funds