Jennifer indicates that she is acting as an agent on behalf of an unidentified client when she enters into a contract for the sale of rare works of art with Beth. This arrangement is best described as O afully discdosed agency O an undisclosed agency Oa non existent agency O a partially disclosed agency

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Jennifer indicates that she is acting as an agent on behalf of an unidentified client when she enters into a contract for the sale of rare
works of art with Beth. This arrangement is best described as
O a ully disclosed agency
O an undinclosed agency
O a non-existent agency
O a partially disclosed agency
Transcribed Image Text:Jennifer indicates that she is acting as an agent on behalf of an unidentified client when she enters into a contract for the sale of rare works of art with Beth. This arrangement is best described as O a ully disclosed agency O an undinclosed agency O a non-existent agency O a partially disclosed agency
Phil and Quality Products Corporation have an agency agreement. Whether it is reasonable for Phil to believe that he has authority to
enter a particular contract on Quality's behalf, is a question of
O special authority
O general authority
O implied authority
O apparent authority
Transcribed Image Text:Phil and Quality Products Corporation have an agency agreement. Whether it is reasonable for Phil to believe that he has authority to enter a particular contract on Quality's behalf, is a question of O special authority O general authority O implied authority O apparent authority
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