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: Public Private Partnership (PPP) means investment through private sector participation by a contractual arrangement between a procuring entity and a private sector

QUESTION 1 Discuss the position in UK with respect to the Capital Maintenance Doctrine. QUESTION 2 (i) What are the essential requirements of a valid Asset Protection T

Corporation Aggregate - Types of Corporations However this is a legal entity formed through at least two people and whose membership at any one time legally concludes of a

Determine the areas of open method of coordination The EU has indicated its intention to employ the OMC, but so far there is little evidence of progress. These areas include E

Question 1: List out and explain the elements necessary for the formation of a contract. Question 2: What are the advantages and disadvantages of choosing a company ov

Question 1: Explain in full details the various negotiation tactics and the ethical criteria that you, as a negotiator, may use to achieve your projected goals and bring positi

Exceptions to the doctrine of Privity of contract Further there are a number of exceptions to the privity of contract rule of which the subsequent may be stated: (a) Agenc

What is Codifying treaty Codifying treaty, meaning whereby, certain existing customary laws are codified in order to develop international law and make it binding between the s

Types of jurisdictions in a state Domestically, there are two types of jurisdictions in a state namely the civil jurisdiction and the criminal jurisdiction. The former relates

International Peace and security Pacific settlement of disputes means to resolve disputes to avoid threats to International Peace and security so that such disputes do not beco