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max2010maxim [7]
2 years ago
14

Jerry is an adjuster and has signed a contract with ABC Insurance to adjust claims in an area recently devastated by a hurricane

. Jerry receives the claims from ABC Insurance, completes the inspections, and settles claims on behalf of ABC Insurance according to his contract. What type of authority has ABC Insurance given Jerry
Business
1 answer:
const2013 [10]2 years ago
3 0

The authority that Jerry has which allows him to complete inspections and settle claims is called an Express authority.

<h3>What is express authority?</h3>

This is a kind of authority that an agent has that is clearly spelled out in writing or given orally.

Jerry has a contract with ABC Insurance that writes what he is allowed to so which means that his powers are expressly given.

Find out more on express authority at brainly.com/question/15008947.

#SPJ12

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The automotive company has run into bribery and corruption, one of the most common ethical challenges businesses faced today as they expand internationally.

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However, in the business world, <em>kickbacks</em> are considered an illegal form of payment (or bribe) that one may gave as a compensation to an individual or organization with a considerable superiority and great influence in exchange for an improper advantageous treatment or service.

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4 years ago
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