Tag: Agency
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Agency by Estoppel
A relationship imposed on parties by law. Arises where a principal, by negligence in supervising the affairs as conducted by the agent, allows him to exercise powers not granted to him, thus justifying others in believing that the agent possesses requisite authority. Sometimes referred to as […]
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Agency Of Necessity
An agency implied by law in situations of emergency where it is necessary for an agent to act to protect his principal’s interest, even though the action may not be expressly sanctioned or authorized by the terms of his agency. Thus, a master of a ship, in a case of emergency during a […]