Asked by
Aadhya Pacheriwala
on Nov 28, 2024
Verified
Actual authority in an agency relationship arises from what a principal makes clear to a third party .
Actual Authority
The specific powers that a principal has expressly given to an agent to make decisions on their behalf.
Agency Relationship
A legal and fiduciary relationship between two parties, where one person (the agent) is authorized to perform acts or make decisions on behalf of another (the principal).
- Detect the assorted types of authority (actual, implied, and apparent) and examine their sway over the principal-agent connection.
Verified Answer
JC
Learning Objectives
- Detect the assorted types of authority (actual, implied, and apparent) and examine their sway over the principal-agent connection.
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