Ostensible authority: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "“What they eye don’t see, the chef gets away with.” ::---- Terry, the head cook at Fawlty Towers So when your counterparty - a legal fiction, after all, a conceptualiz..." |
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How can one be sure that a person who ''says'' they have such an authority ''really'' has it? | How can one be sure that a person who ''says'' they have such an authority ''really'' has it? | ||
{{Agencydisclosurescenarios}} | |||
{{seealso}} | {{seealso}} | ||
*[[capacity and authority]] | *[[capacity and authority]] | ||
*[[agent]] | |||
*[[principal]] | |||
Revision as of 15:40, 9 February 2017
“What they eye don’t see, the chef gets away with.”
- ---- Terry, the head cook at Fawlty Towers
So when your counterparty - a legal fiction, after all, a conceptualized bunch of papers filed at companies house - signs your carefully crafted contract, it — for it is an it — signs through the agency of an individual: perhaps an employee, a director or someone operating under a Power of Attorney.
How can one be sure that a person who says they have such an authority really has it?
Possible agency scenarios
Here are the possible “undisclosed agency” scenarios at the time of contract:
- Fully disclosed agency: Principal has appointed agent, agent has disclosed agency, agent has disclosed principal.
- Undisclosed principal: Principal has appointed agent, agent has disclosed agency, agent has not disclosed principal.
- Undisclosed agency: Principal has appointed agent, agent has not disclosed agency, agent has not disclosed principal.
- Full principal: Principal has not appointed agent, agent has not disclosed agency, agent has not disclosed principal. (i.e., a fellow who claims ex post facto to have been an agent is better known as a “liar”).