Terms & Glossaries of Shipping and Trading
Also known as estoppel, it is the authority of an agent which is deemed to apply in law, perhaps by inference from the principal's present or previous conduct.
Apparent authority is the power of an agent to act on behalf of a principal, even though not expressly or impliedly granted. This power arises only if a third party reasonably infers, from the principal's conduct, that the principal granted such power to the agent.
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