SC Bar Practice Questions - South Carolina Bar Examination Exam

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A principal authorizes an agent to negotiate but not to sign contracts. The agent nevertheless signs a contract with a third party who reasonably believes the agent had authority based on the principal's conduct. The principal is most likely bound under which theory?

Actual express authority Ratification before the fact No theory; the principal is never bound Apparent authority, arising from the principal's manifestations to the third party

Correct Answer:

Apparent authority, arising from the principal's manifestations to the third party

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