Agency
An Indiana property manager who signs a lease on behalf of the property owner is exercising:
AUnauthorized authority
BExpress authority granted under the management agreement✓ Correct
CImplied authority not covered by the management agreement
DEmergency authority
Explanation
If the property management agreement grants the manager authority to sign leases on the owner's behalf, signing a lease is an exercise of express authority. Authority to sign leases should be specifically included in the management agreement.
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