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Ostensible authority - Wikipedia, the free encyclopedia
Ostensible (or apparent) authority relates to the doctrines of agency. In the area of agency, there are three parties: The Principal, the Agent and the Third party. Ostensible authority is manifested ...
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2317. Ostensible authority is such as a principal, intentionally or by want of ordinary care, causes or allows a third person to believe the agent to possess. ... 2330. An agent represents his principal for all purposes within the scope of his actual or ostensible authority, and all the rights and liabilities which would...
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Definition of ostensible authority (or agency) from Webster's New World Law Dictionary. ... Dictionary Home » Webster's New World Law Dictionary » ostensible authority (or agency)
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Such person taking the ostensible authority he or she may have caused a lender to advance funds or act in a manner which would normally be considered inappropriate, if the lender was aware of the actual authority this individual possesses.
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28-10-606. Extent to which principal bound by acts under ostensible authority. A principal is bound by acts of his agent under a merely ostensible authority to those persons only who have in good faith and without ordinary negligence incurred a liability or parted with value upon the faith thereof.
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In my ceaseless quest for ostensible authority on an eventual real supply i was able to secure one from a Chemical Company. Would wish you please look into it as a Buyer/Seller.
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33 Did Ma & Co have ostensible authority to exchange contracts on behalf of the plaintiffs which included those terms? There is surprisingly little authority on that question. The relevant principle is stated in Bowstead & Reynolds on Agency, 16th ed, Article 74 as follows:
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