Ostensible authority: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
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..."
 
No edit summary
Line 6: Line 6:
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:

See also