OH Auctioneer Practice Questions - Ohio Licensed Auctioneer Exam

Which of the following best describes 'apparent authority' in the auctioneer-seller relationship?

Authority explicitly written in the contract Authority the auctioneer assumes without permission Authority a third party reasonably believes the auctioneer has based on the seller's conduct Authority granted by the licensing board

Correct Answer:

Authority a third party reasonably believes the auctioneer has based on the seller's conduct

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