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Agencly law

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Agencly law

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • July 9, 2015 at 6:38 am #260270
    Green Activist
    Member
    • Topics: 22
    • Replies: 18
    • ☆

    Hi sir!
    Wats the basic difference betwen agent by implied agreement nd agent by estoppel?
    Thank you

    July 9, 2015 at 3:40 pm #260358
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    By estoppel – the principal knows that the person has been acting as he / she has and is thus prevented from denying thatbthatbperson had authority

    By implied agreement – the principal is confronted with the actions of someone that has been acting as agent without any authority or prior knowledge of the principal but, because of that person’s position, it is normal to imply that authority exists

    Ok?

    July 9, 2015 at 4:19 pm #260362
    Green Activist
    Member
    • Topics: 22
    • Replies: 18
    • ☆

    Thanks a heap sir!
    Got it 100%.

    July 9, 2015 at 5:36 pm #260405
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    You’re welcome

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