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







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