An agent who has either actual or apparent authority has the power to bind his principal.

Name: An agent who has either actual or apparent authority has the power to bind his principal.
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Question

Quizplus · Accepted Answer

An agent with actual authority has been explicitly given the power to act on behalf of the principal, while an agent with apparent authority appears to third parties to have the power to act, even if not explicitly granted, thus both can bind the principal.

An Agent Who Has Either Actual or Apparent Authority Has