Breach of warranty of authority

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Updated: Aug 20, 2021

Where an agent acts outside his actual and apparent authority, the principal is not liable and a third party can sue the agent for breach of warranty of authority.

Reference: The Penguin Business Dictionary, 3rd edt.



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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.