Author: Anonymous

Spoken words that will not be permitted to modify the terms of a written contract is known as ____________________.

The approval by one person of the unauthorized act of another done in the former’s name is called ________.

The duty of an agent to carry out the principal’s instructions is called ________.

A general agent has authority that one in his or her position usually possesses. This authority is known as ________ authority.

A negotiable instrument:

The two types of instructions an agent may receive from the principal are ________.

When an instrument is transferred by assignment:

If a promisor agrees to become responsible for the debts or default of another, it:

An agency which arises when a person leads another to believe a third party is an agent is an agency by ________.

If an agent was negligent in the course of employment and caused injury to a third party: