Agency
Ostensible agency (apparent authority) arises when:
AA principal expressly authorizes an agent in writing
BThe principal's conduct leads a third party to reasonably believe an agency exists✓ Correct
CAn agent acts without any principal authorization
DA court appoints an agent to act on behalf of an incapacitated principal
Explanation
Ostensible agency arises from the principal's conduct or representations that cause a third party to reasonably believe a person is the principal's agent, even if no actual agency was created. The principal may be bound by the agent's acts.
Related Oklahoma Agency Questions
- A single broker represents both the buyer and seller in the same transaction in Oklahoma. This is known as:
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- Implied agency is created when:
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- In Oklahoma, when an agent knows the property has been tested for radon and the results were elevated, the agent:
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