MLchartDataset catalogue

Actual authority

Term · Law · MLC-T-LAW-000337

The specific powers and permissions granted by a principal to an agent, either expressly or implicitly, to act on the principal's behalf. Express actual authority is explicitly stated, while implied actual authority is reasonably necessary to carry out the express authority. An agent acting within actual authority binds the principal to third parties.

Table 1. Record
IdentifierMLC-T-LAW-000337
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000337",
  "term": "Actual authority",
  "field": "Law",
  "definition": "The specific powers and permissions granted by a principal to an agent, either expressly or implicitly, to act on the principal's behalf. Express actual authority is explicitly stated, while implied actual authority is reasonably necessary to carry out the express authority. An agent acting within actual authority binds the principal to third parties.",
  "url": "https://mlchart.com/terminology/law/actual-authority/"
}

Record 101 of 5,441 in Law terminology (MLC-0107). Request the full dataset.