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Jessica Cooper
on Nov 28, 2024

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An agent impliedly warrants that he or she has the authority to contract on a principal's behalf and therefore cannot be held liable to the third party.

Impliedly Warrants

Indicates that a warranty is given by implication, rather than expressly stated, based on the circumstances or nature of a transaction.

Authority

The power or right to give orders, make decisions, and enforce obedience.

Liable

Being legally responsible for something, typically referring to the obligation to compensate for loss or damage.

  • Identify when and how an agent has authority to act on behalf of a principal.
  • Recognize the consequences of unauthorized actions by agents.
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Hodman HassanDec 03, 2024
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