MA Auctioneer Practice Questions - Massachusetts Licensed Auctioneer Exam

What is the difference between 'express' and 'implied' authority of an agent?

Express authority is written; implied authority is verbal Express authority is specifically granted; implied authority is reasonably inferred from the expressed authority Express authority applies to real estate; implied authority applies to personal property There is no legal difference

Correct Answer:

Express authority is specifically granted; implied authority is reasonably inferred from the expressed authority

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