Ostensible Authority

Bol

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Ostensible (or apparent) authority relates to the doctrines of agency. In the area of agency, there are three parties: The Principal, the Agent and the Third party. Ostensible authority is manifested in the representation made by the Principal to a Third party that the Agent has authority to undertake certain acts or enter certain agreements even though the Agent may in fact not have any actual authority from the Principal. The doctrine of Estoppel comes into play here to prevent the Principal from ascerting to the Third party that the Agent has authority when in fact he doesn't, and then subsequently the Principal seeks to renege on an agreement on the basis that the Agent never had actual authority.

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Pagina's: 92, Paperback, Betascript Publishers