Agency
Under Mississippi agency law, an agent's authority that arises from the reasonable belief of a third party based on the principal's conduct is called:
AExpress authority
BApparent authority✓ Correct
CImplied authority
DDelegated authority
Explanation
Apparent authority arises when a principal's conduct or representations cause a third party to reasonably believe the agent has authority to act, even if the principal never expressly granted that authority. The principal may be bound by the agent's acts within apparent authority.
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