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CLEP Business Law

Category - Miscellaneous

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Implied agency is also known as:

Express agency.
Authorized agency.
Incidental agency.
Granted agency.
Accidental agency.

Explanation

Answer: C. Implied agency is also known as incidental agency. An agency relationship exists when one party is legally permitted to act for another. An implied agency relationship arises when the conduct of the parties lead others to believe that an agency relationship exists, though it has not been explicitly established.

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