Agency
Apparent authority in a Mississippi real estate agency arises when:
AA principal grants an agent written authority
BA third party reasonably believes an agent has authority based on the principal's conduct✓ Correct
CA court appoints an agent to manage property
DAn agent exceeds their authority and the principal later ratifies the act
Explanation
Apparent authority (ostensible authority) arises when the principal's conduct leads a third party to reasonably believe the agent has authority to act, even if no actual authority was granted. The principal may be bound by the agent's acts under apparent authority.
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