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Peyton Dewers
on Nov 21, 2024

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Apparent agency, also known as ________, is when the principal has created by his conduct belief in another individual that a person serves as their agent when in fact they do not have the authority to act for the principal.

A) Exclusive agency
B) Equitable agency
C) Agency by law
D) Agency by estoppel
E) Legal agency

Apparent Agency

A situation where a person appears to be, and is mistakenly believed to be, authorized to act as an agent for another party, thereby binding the principal in certain situations.

Agency By Estoppel

When a party's actions lead another to reasonably believe that a third party is their agent, resulting in legal recognition of the agency relationship despite no formal agreement.

Principal Conduct

The actions or behavior of the principal actor or party, especially in the context of business or law, focusing on the primary actions taken.

  • Acquire knowledge on the principle of agency by estoppel and understand its consequences.
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Mohammed Abu KhosahNov 27, 2024
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