Example Of Agency By Implied Agreement
This is a limited overview – please sign up or subscribe to know everything we know about the term “implicit agency”. Another type of authority is the explicit authority (sometimes called real authority) that is given in an oral or written contract. For example, in the case of a real estate agent, there is usually a written contract between the broker and the client. The client gives the agent a written mandate to act on his or her behalf. Explicit authority is often limited by contractual conditions. While this could be the responsibility of the company, the company could claim that the employee acted outside of his responsibilities, leaving the responsibility to the employee. For example, in the above case, the worker acted with a directive on companies against the unsupervised conduct of young children outside the limits of his employment contract and can be held personally liable. . .