If a third party is led to reasonably believe that an agent is acting with the scope of his/her authority, even though the agent is exceeding his/her authority, the principal may still be bound by the agent’s actions. In this case, the agent has bound the principal by

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If a third party is led to reasonably believe that an agent is acting with the scope of his/her authority, even though the agent is exceeding his/her authority, the principal may still be bound by the agent’s actions. In this case, the agent has bound the principal by

Options

A) implied authority.
B) apparent authority.
C) incidental authority.
D) express authority.

Answer: B) apparent authority.

The above question If a third party is led to reasonably believe that an agent is acting with the scope of his/her authority, even though the agent is exceeding his/her authority, the principal may still be bound by the agent’s actions. In this case, the agent has bound the principal by, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.