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
Question 1: (a) What does Professional Practice mean to you? Define your perception of good Professional Practices. (b) Discuss some of the difficulties and challenges fac

Question 1: Local Government is generally seen as a system of getting various services run for the local community. What, in your view, are the other distinctive benefits t

There are certain legislations passed regarding state succession. For example, The continuance of legal Proceedings Act 1950; The Pakistan Currency Act 1950; The Pakistan

What is Expansionary Bias The domestic country's bliss point (B) is now below the 45 degree line and the foreign country's bliss point (B 1 ) above the 45 degree line. With sep

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

State Article 24 and 25 of air and outer space law Article 24 states that the aircraft on a flight to, from, or across the territory of another contracting State shall be admit

QUESTION 1 Explain clearly how Public Policy making constitutes a major function of Government QUESTION 2 Account for the role of Public opinion in the identification o

State the International policy coordination In an international context governments can, in theory, offset adverse spillover effects originating from other nations. With fewer

What are the origins of open method of coordination The origins of the OMC lie in the Lisbon European Council (March 2000), which made its introduction as the primary means of

QUESTION 1 Explain the following words- 1. Promissory condition 2. Contingent condition 3. Condition precedent 4. Concurrent conditions 5. Conditions subsequent