Asked by
Xavier Baldwin
on Nov 28, 2024
Verified
When a principal has given a third party reason to believe that an agent has authority to act, the principal may be estopped from denying that authority.
Estopped
A legal principle that prevents someone from arguing something contrary to a claim previously made or accepted in court.
- Discern the various categories of authority such as actual, implied, and apparent, and evaluate their role in shaping the principal-agent relationship.
Verified Answer
MA
Learning Objectives
- Discern the various categories of authority such as actual, implied, and apparent, and evaluate their role in shaping the principal-agent relationship.