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Thank you for explaining the ratification aspect of an act of an agent by the principal . However, should the illustration you have given regarding me entrying a good contract in behalf of the principal become adverse on the part of the principal , should that contract be bounding ?
ostensible authority:
It says ostensible authority usually arises either
a) where the principal has represented the agent as having authority even though they have not actually been appointedA) where the principal has revoked the agent’s authority but the third party has not had notice of this.
Please, do this mean that the principal has previously represented to a third party that an agent has authority to act on their behalf by writing or conduct or oral?
What about a situation the third party is not aware but simply relied on what the agent represent to the principal e.e employee vs employer , where the employer place order that was not authorize by the employer ? Will this be bounding ?
“should that contract be bounding ?”
Yes, on you!
“the principal has previously represented to a third party that an agent has authority to act on their behalf by writing or conduct or oral?”
Yes, any of those
“where the employer (employee?) place order that was not authorize by the employer ? Will this be bounding ?”
Yes, where the employee has a position of, for example, procurement manager
OK?
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