Agency
In Idaho, what is 'actual authority' in the context of an agent's authority?
AAuthority granted by IREC
BAuthority expressly or impliedly granted to the agent by the principal in the agency agreement✓ Correct
CAuthority the agent assumes based on custom
DAuthority that third parties believe the agent has
Explanation
Actual authority is authority the principal has actually granted to the agent, either expressly (stated in the agreement) or impliedly (reasonably necessary to carry out express authority). It exists between the principal and agent.
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