Authority
An agent who acts within the scope of authority conferred by his or her principal binds the principal in the obligations he or she creates against third parties. There are essentially three kinds of authority recognized in the law: actual authority (whether express or implied), apparent authority, and ratified authority (explained here).
Read more about this topic: Law Of Agency
Famous quotes containing the word authority:
“In one sense it is evident that the art of kingship does include the art of lawmaking. But the political ideal is not full authority for laws but rather full authority for a man who understands the art of kingship and has kingly ability.”
—Plato (428–348 B.C.)
“The faith that stands on authority is not faith.”
—Ralph Waldo Emerson (1803–1882)
“Destiny. A tyrant’s authority for crime and a fool’s excuse for failure.”
—Ambrose Bierce (1842–1914)