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Express authority: Multiple Choice is created...

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Question

Accounting

Express authority:

Multiple Choice

is created when the principal specifically describes the extent of the agent's powers.

arises from the principal's failure to inform third persons that the relationship between the principal and the agent is not what it appears to be.

arises from the justifiable belief of a third party dealing with the agent.

is created by the conduct of the principal that causes a third person to incorrectly believe that another has the authority to act for the principal.

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