LAW 603 Chapter Notes - Chapter 20: Strategic Alliance, Disclose, Joint Venture
23 Oct 2014
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Apparent authority: the representation (express or implied) by the principal to third parties of the agent"s authority to act on the principal"s behalf. The actions of the principal create the reasonable impression that the agent is authorized to act on behalf of the principal. #3: when a principal represents/holds out someone as their agent in discussion with 3rd party. Ratified if someone accepts a negotiated contract on their. If 3rd party found out that they were just an agent and they had. Selling your principal"s land to someone who you have a relationship to. Obligations (page 523): must disclose to principal any info relevant to their interests, cannot personally profit from unauthorized use of info or o/p, cannot compete with principal, if your principal told you to do x and you do y thinking that that"s in their best interests, you cannot .
