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What is the apparent authority of an insurance agent?
Apparent authority is a legal concept pursuant to which an agent can be found to have bound a principal (master) despite not having the actual authority to do so. If the principal gives to the agent certain indicia of authority (for example, business cards, a title, etc) that would lead a reasonable person to believe that the agent has the authority to bind the principal, and the principal did nothing to countermand it, the principal may be bound by the acts of the agent. This theory, put into the context of an insurer/insurance agent, is what is meant by the term.
What is an undisclosed fracture?
An undisclosed fracture is a broken bone that is not apparent on examination. Often these kind of fractures are only discovered after they are healed.
What of the following is NOT lawful authority and can be a cause of unauthorized commitments?
Apparent Authority
Which has greater liability actual or apparent authority?
I think Actual Authority has greater liability because in cases of apparent authority in many cases the liabilities are shared by the parties involved i.e the parties other than the plaintiff.
Is The Federal Government is bound by apparent authority.?
False
What best describes the types of agency authority held by officers of a corporation?
express, implied, and apparent authority
Weather a principal can cancel the general power attorney with out giving notice to the agent?
A principal can certainly cancel the general power of attorney without giving notice to the agent, but if notice is not given the agent might continue to act upon the principal's behalf. If the agent does continues to act without being told he shouldn't his actions for the Principal will still be effective against the Principal and the agent will not be held to have done anything wrong. The problem is that the agent will be acting with "apparent authority", which will be just as binding on the Principal as if the POA had never been revoked.
What are the release dates for Mission Impossible - 1966 The Heir Apparent 3-1?
Mission Impossible - 1966 The Heir Apparent 3-1 was released on: USA: 29 September 1968
What is the apparent magnitude of a main sequence star?
The apparent magnitude depends on distance, and without that information, it's literally impossible to tell what it might be.
What are the pros and cons of apparent authority in the business world?
Apparent authority can help streamline decision-making and foster efficient operations by allowing individuals to act on behalf of a company without requiring explicit authorization for every action. However, this can also lead to misunderstandings or abuse of power if not clearly defined, potentially resulting in legal liabilities for the company. Clarity in roles and responsibilities is crucial to ensure that apparent authority is wielded appropriately.
Does a delivery person that does business with a corporation have a right to ask a receptionist to sign a legal contract and justify his actions by saying this was apparent authority?
no
What is the apparent Magnitude of the milky way?
The apparent magnitude of an object is a measure of it's brightness as seen from Earth.As we are located within the Milky Way, this value is impossible to obtain.The Milky Way has a estimated absolute magnitude of -20.9
