A sudden storm threatens the property of Marina Bay LLC. Ngoc, Marina Bay’s sales agent, is on site, but lacks the express or implied authority to bind the firm to the cost of appropriate protective measures. Unable to communicate with Marina Bay, Ngoc :_________
a. has emergency powers to deal with the situation.
b. must await the principal’s express ratification to act.
c. can imply a power of attorney to assume the needed authority.

Question

08-12-2022
Business

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A sudden storm threatens the property of Marina Bay LLC. Ngoc, Marina Bay’s sales agent, is on site, but lacks the express or implied authority to bind the firm to the cost of appropriate protective measures. Unable to communicate with Marina Bay, Ngoc :_________
a. has emergency powers to deal with the situation.
b. must await the principal’s express ratification to act.
c. can imply a power of attorney to assume the needed authority.

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aashvi1 aashvi1 · Answer 1 · 2022-12-17T12:04:46+01:00

Ngoc, the sales representative for Marina Bay, is present but does not have the stated or implied power to obligate the company to the cost of the necessary safety precautions. A sudden storm poses a hazard to Marina Bay LLC's property.

What is real estate?

Ngoc, the sales representative for Marina Bay, is present but does not have the necessary power to bind. Ngoc, the sales representative for Marina Bay, is present but does not have the stated or implied power to obligate the company to the cost of suitable preventive measures. When working with third parties, an agent's authority comes from a variety of sources. There are three types of authority actual, implied, and seeming. Recognize the existence of an implied real estate deal.

However, the agent and the principal typically do not have an explicit agreement.

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