Capacity and authority: Difference between revisions

Capacity and authority (view source)

589 bytes removed , 24 June 2019

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 {{a|rep|}}The twin pillars of paranoia that remain when all is said and done on your {{tag|negotiation}} and you're ready to sign on the dotted line.
-*'''[[Authority]]''': whether the fellow who purports to sign the {{t|contract}} for your counterparty has any [[Ostensible authority|ostensible]] grounds to do — whether she is properly appointed by the board or, by dint of her role within the organisation, has the general authority to sign — so is a question of her {{tag|authority}}. Here the law of [[agency]] lends an innocent contracting party a hand, with the doctrine of [[ostensible authority]] meaning one can rely on someone who seems to have appropriate authority even if she doesn’t, as long as you don’t know (or can not reasonably have been expected to know).
+*'''[[Authority]]''': {{Authority capsule}}
 *'''[[Capacity]]''': {{capacity capsule}}