Breach of warranty of authority

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 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.