Asked by
David Rocco
on Nov 10, 2024
Verified
The only situation where an agent can be sued by a third party is where he has gone beyond his apparent and actual authority.
Actual Authority
The express and implied powers granted by a principal to an agent to enter into contracts or make decisions on behalf of the principal.
Apparent Authority
A doctrine in law where a principal leads a third party to believe that an agent has the authority to act on the principal's behalf, even if the agent doesn't have actual authority.
- Understand the boundaries and legal outcomes of actions undertaken by an agent beyond their authorized scope.
- Analyze the implications of an agency relationship on third-party interactions.
Verified Answer
GL
Learning Objectives
- Understand the boundaries and legal outcomes of actions undertaken by an agent beyond their authorized scope.
- Analyze the implications of an agency relationship on third-party interactions.
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