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Which of these is NOT a type of agent authority?

Question

Which of these is NOT a type of agent authority?

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Solution

Step 1: Define the Problem

Identify the key components of the question that need to be addressed:

  • The question asks to identify which option is NOT a type of agent authority.

Step 2: Break Down the Problem

Divide the problem into smaller, manageable parts:

  • Understand the types of agent authority.
  • Identify the options provided (though not listed here) and determine which one does not fit.

Step 3: Apply Relevant Concepts

Use appropriate academic theories or formulas to solve each part of the problem:

  • Types of agent authority typically include:
    1. Express Authority: Authority explicitly granted to the agent by the principal.
    2. Implied Authority: Authority not explicitly stated but necessary to carry out express authority.
    3. Apparent Authority: Authority that a third party reasonably believes the agent has, based on the principal's actions.
    4. Ratified Authority: Authority granted after the fact when the principal approves an agent's unauthorized act.

Step 4: Analysis, Verify and Summarize

Analysis each part in details if necessary carry out the calculations by steps. Verify the calculations result and summarize the findings:

  • Compare the provided options with the known types of agent authority.
  • Identify any option that does not match the standard types listed above.

Final Answer

Present the final result in a concise manner:

  • The option that is NOT a type of agent authority is the one that does not fit into the categories of express, implied, apparent, or ratified authority.

This problem has been solved

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