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Miranda Diamond
on Oct 27, 2024

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People within an organization who spend company money on the basis of apparent authority are commonly referred to as maverick buyers.

Maverick Buyers

Individuals within an organization who make unauthorized purchases outside of agreed contracts or procurement policies, often leading to inefficiencies and increased costs.

Apparent Authority

This refers to a situation where someone seems to have the power to act on behalf of a business or an organization, even if they haven't been officially given this authority.

  • Absorb knowledge about the key components and forms of authority within the agent-agency relationship.
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Sandhya RasailiOct 30, 2024
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