Ask Question
BusinessBusiness
9 December, 19:48

Based on Esteban's conduct, Floyd reasonably believes that Glynis has the authority to act on Esteban's behalf even though Glynis does not have the actual authority to do so. Floyd makes a payment to Glynis for Esteban. Glynis keeps the money and disappears. Esteban

+4
Answers (1)
  1. 9 December, 19:50
    0
    may be estopped from denying that Glynis had authority.

    Explanation:

    In this case, Glynis apparently had the authority to collect Esteban's money, since his conduct made other people believe that.

    Apparent authority is defined as a situation where a reasonable person (Floyd) will believe that the agent (Glynis) has authority to act on behalf of the principal (Esteban). If such a situation exists, then the principal is bound by the agent's actions.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Based on Esteban's conduct, Floyd reasonably believes that Glynis has the authority to act on Esteban's behalf even though Glynis does not ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following bonds is the most sensitive to changes in market interest rates? A) 5-year, zero couponB) 5-year, 5 percent couponC) 5-year, 8 percent couponD) 10-year, zero couponE) 10-year, 5 percent coupon
Answers (1)
Which of the following generate the type of externality previously described? (Negative Externality) A) Gilberto has planted several trees in his backyard that increase the beauty of the neighborhood, especially during the fall foliage season.
Answers (1)
Markup on job cost 75% Department Milling Assembly Machine-hours 60,000 3,000 Direct labor-hours 8,000 80,000 Total fixed manufact$ 390,000 $500,000 uring overhead cost Variable manufacturing overhead per machine-hour $2.
Answers (1)
Suppose that the U. S. has a comparative advantage in the production of spreadsheet software. As a result of opening up the market to international trade, a. U. S.
Answers (1)
What are carreers that rely on logic?
Answers (1)
New Questions in Business
Over the past decade, household debt has 1.) Shrunken 2.) Risen 3.) Remained at early 2000 levels
Answers (2)
Brian has decided to supplement his job application to Wendenlt Corporation with a cover letter to the senior manager of human resources. However, he knows neither the name nor the gender of the senior manager he wishes to address.
Answers (1)
Prior to any trip it is important to do all of these except:
Answers (1)
C Qu. 21 Sea Island Company is trying to decide which ... Sea Island Company is trying to decide which one of two alternatives it will accept.
Answers (1)
Admitting New Partners Who Buy an Interest and Contribute AssetsThe capital accounts of Trent Henry and Tim Chou have balances of $160,000 and $100,000, respectively. LeAnne Gilbert and Becky Clarke are to be admitted to the partnership.
Answers (1)
Home » Business » Based on Esteban's conduct, Floyd reasonably believes that Glynis has the authority to act on Esteban's behalf even though Glynis does not have the actual authority to do so. Floyd makes a payment to Glynis for Esteban.
Sign Up Forgot Password?