Legal Aspect of Business Assignment, Agency is the legal term in which two parties comes in contractual relationship with each other and responsible to fulfil

Legal Aspect of Business Assignment

This report critically evaluates the key difference between actual and apparent authority under the law of agency. It analyses the parties involved, the role of authority, and evaluates their advantages and disadvantages.

Actual Authority versus Apparent Authority: Critical Evaluation of Key Differences

Business and Corporations Law (pdf)

This article discusses the concept of agency in business law, focusing on the authority conferred upon an agent by the principal. It explores the types of authority, including express and implied, and the concept of ratification. The article also examines the reasons for vicarious liability and the liability of the principal for the wrongful acts of the agent.

Understanding Agency Relationship in Business Law

Legal Studies

This article discusses the different types of authority in agency law, including actual, usual, and ostensible authority. It also analyzes a scenario involving the binding authority of an agent in a contract with a third party. The article also covers the doctrine of undue influence and its evolution in courts, including the traditional classification of actual and presumed undue influence, and the refinement of the classification into three classes. The article applies these principles to a scenario involving a transaction between two parties with a power imbalance.

Mount Liberty College

Authority in Agency Law: Analysis of Actual, Usual, and Ostensible Authority

This paper discusses the concept of apparent authority and misleading conduct in business law in Australia. It covers the legal force of apparent authority, agency of estoppel, and the provisions of Section 18 of the Australian Consumer Law and Section 12 DA(1) of the Australian Securities and Investment Commission Act 2001 (ASIC) regarding misleading or deceptive conduct. The paper also cites relevant cases to support the discussion.

Legal Aspect of Business Assignment