Types of authority - agency law, Business Law and Ethics

Types of Authority - Agency Law

Further there are three types of authority namely like:;

(a) Real or factual

However this is the authority that in fact is given to the agent through the principal.  It may be through word of mouth or in written.  Then this authority may be: like;

  • Express  and One Is
  • Implied and One Is
  • Customary or Mostly Also.

 

(b) Obstensible or apparent

Therefore this is the authority that in fact the agent has not been given through the principal although which he appears to have through reason of the principal's conduct.  Hence it is based on the conditions of the principal such like conduct determines scope.  Whether it is the authority exercised through an agent create through Estoppel.

(c) Resumed authority

Therefore this is the authority such the law deems the agent to have.  Hence it is conferred on the agent through law.  Conversely it is not given through the principal nor is it based on such principals' conduct. Whereas it is the authority exercised through agents about necessity and from cohabitation.

Posted Date: 1/22/2013 5:33:21 AM | Location : United States







Related Discussions:- Types of authority - agency law, Assignment Help, Ask Question on Types of authority - agency law, Get Answer, Expert's Help, Types of authority - agency law Discussions

Write discussion on Types of authority - agency law
Your posts are moderated
Related Questions
Restricted Names:  Section 17)1) of the Registration of Business Names Act provides that no company shall be registered under a business name: (a)     which contains any wo

Explain United Nations General Assembly A treaty may also be referred to as a Convention, Protocol, Agreement and Declaration. There are no legal reasons for using different na

Question 1: (a) Elaborate on the sources of Law in Mauritius. (b) Explain what you understand by the following legal terms: (i) Obiter Dictum

Practical Consequences of Incorporation: In the course of delivering his judgment in Salomon's case Lord Halsbury stated that "once the company is incorporated, it must be tre

What is meaning of Relative Price Effects This final linkage occurs when there is free exchange rate between countries, which means the exchange rate is allowed to appreciate o

Question 1: What are the procedures that an employer should follow before he will dismiss a worker for misconduct? Question 2: Section 39 of the Labour Act provides fo

(a) Section 63 of the Employment Relations Act provides as follows: "The parties to a labour dispute may jointly refer such dispute for voluntary arbitration to the Tribunal or

Payment to Promoters:   A promoter has no legal right against the company he promotes. The main reason is that the company did not ask him to promote it, and because the compa

QUESTION 1 What are the duties of an Occupational, Safety and Health officer in an organization? QUESTION 2 Section 47 (1) of the Occupational, Safety and Health Act st

QUESTION 1 (a) Section 45(10) provides for remedies that the Independent Review Panel may recommend if it finds merit in an application for review. State three of those remedie