Apparent authority is the authority the agent has based on what the principal has led the third party to believe.

Name: Apparent authority is the authority the agent has based on what the principal has led the third party to believe.
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Apparent authority refers to the authority an agent appears to have because of the principal's actions or communications, which lead a third party to reasonably believe that the agent is authorized to act in a certain way.

Apparent Authority Is the Authority the Agent Has Based on What