Asked by
Liezl Aubrey Baldomero
on Nov 10, 2024
Verified
Apparent authority is the authority the agent has based on what the principal has led the third party to believe.
Apparent Authority
A situation in which a person appears to have the authorization to act on behalf of another entity, leading third parties to reasonably believe such authority exists.
- Differentiate between ostensible and genuine authority and their resultant effects.
Verified Answer
SK
Learning Objectives
- Differentiate between ostensible and genuine authority and their resultant effects.
Related questions
It Is Possible for a Principal to Be Bound by ...
Any Restrictions in the Employment Contract Between Principal and Agent ...
When Joe Was Given Authority to Do Anything Necessarily Incidental ...
If a Third Party Relies on the Principal's Representation That ...
Which of the Following Is True with Respect to the ...