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When does apparent (ostensible) authority of an agent arise?
  • a)
    When the agent acts with the usual authority of his job.
  • b)
    When the principal gives the agent implied authority to act.
  • c)
    When the agent has actual authority to act.
  • d)
    When the principal represents to a third party that an agent has authority to act when in fact he does not.
Correct answer is option 'D'. Can you explain this answer?
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When does apparent (ostensible) authority of an agent arise?a)When the...
The authority of an agent may be actual, express, implied or apparent (ostensible) authority. If a third party relies on the representations of the principal that the agent has apparent authority, the principal will be bound by the agreement.
The Agent may act on behalf of principal, if the Principal represents to a third party that an agent has authority to act, though, in fact he does not.
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When does apparent (ostensible) authority of an agent arise?a)When the agent acts with the usual authority of his job.b)When the principal gives the agent implied authority to act.c)When the agent has actual authority to act.d)When the principal represents to a third party that an agent has authority to act when in fact he does not.Correct answer is option 'D'. Can you explain this answer?
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When does apparent (ostensible) authority of an agent arise?a)When the agent acts with the usual authority of his job.b)When the principal gives the agent implied authority to act.c)When the agent has actual authority to act.d)When the principal represents to a third party that an agent has authority to act when in fact he does not.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about When does apparent (ostensible) authority of an agent arise?a)When the agent acts with the usual authority of his job.b)When the principal gives the agent implied authority to act.c)When the agent has actual authority to act.d)When the principal represents to a third party that an agent has authority to act when in fact he does not.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When does apparent (ostensible) authority of an agent arise?a)When the agent acts with the usual authority of his job.b)When the principal gives the agent implied authority to act.c)When the agent has actual authority to act.d)When the principal represents to a third party that an agent has authority to act when in fact he does not.Correct answer is option 'D'. Can you explain this answer?.
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