Agency
What is 'agency by estoppel' in Rhode Island real estate?
AAn agency created by a written contract
BAn agency created when a principal's actions lead a third party to reasonably believe an agency relationship exists✓ Correct
CAn agency that is prohibited by Rhode Island law
DAn agency that only applies to commercial transactions
Explanation
Agency by estoppel (apparent agency) arises when a principal's actions or representations cause a third party to reasonably believe an agency relationship exists, and that third party acts in reliance on that belief.
Related Rhode Island Agency Questions
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