Agency

Question 1

Def: Agency by estoppel

Answer 1

A principle holds out to the third party that another is auto to action on the principles behalf, the third party deals with the principle accordingly, the principle may not later deny that the other was the principles agent for the purpose of dealing with that third party

Question 2

Def: Ostensible authority

Answer 2

Same apparent authority

Question 3

Can the agent ever be liable?

Answer 3

Only if the parties intended that to the case

Question 4

When does an agency by estoppel arise

Answer 4

On the basis of a principle conduct in holding out for another person to be their agent

Question 5

Def: express authority

Answer 5

Given in regard to what is expressly authorised

Question 6

Def: implied authority

Answer 6

Given in regard to what is expressly authorised it which is used by virtue of the agent position

Question 7

Is the agent has no authority, can the principle sue or be sued on the contract?

Answer 7

No, only if the contract is ratified

Question 8

Must a third party be identified on the contract?

Answer 8

Yes in some way