Asked by
Jessica Cooper
on Nov 28, 2024Verified
An agent impliedly warrants that he or she has the authority to contract on a principal's behalf and therefore cannot be held liable to the third party.
Impliedly Warrants
Indicates that a warranty is given by implication, rather than expressly stated, based on the circumstances or nature of a transaction.
Authority
The power or right to give orders, make decisions, and enforce obedience.
Liable
Being legally responsible for something, typically referring to the obligation to compensate for loss or damage.
- Identify when and how an agent has authority to act on behalf of a principal.
- Recognize the consequences of unauthorized actions by agents.
Verified Answer
HH
Learning Objectives
- Identify when and how an agent has authority to act on behalf of a principal.
- Recognize the consequences of unauthorized actions by agents.