Match each legal concept relating to the creation and authority of agency under commercial law with its correct definition.
- Express AuthorityAuthority directly and explicitly conferred on an agent by the principal through written or spoken words.
- Agency by NecessityAgency created in an urgent emergency to preserve property when communicating with the owner is impossible.
- Agency by EstoppelAgency arising when a principal's conduct leads a third party to reasonably believe an agency relationship exists.
- Agency by RatificationAgency established when a principal retroactively approves an unauthorized act done on their behalf.
Answer
Express Authority matches with authority directly and explicitly conferred through written or spoken words; Agency by Necessity matches with agency created in an urgent emergency to preserve property when communicating with the owner is impossible; Agency by Estoppel matches with agency arising when a principal's conduct leads a third party to reasonably believe an agency relationship exists; Agency by Ratification matches with agency established when a principal retroactively approves an unauthorized act done on their behalf.
Each creation method and authority type strictly corresponds to its recognized legal definition under commercial agency law.
Step-by-Step Solution
Key Concept
Methods of Creation and Types of Authority under the Law of Agency