In this episode, Professor Seth C. Oranburg delves into the critical concept of authority in agency law. He carefully distinguishes between actual authority—both express and implied—and apparent authority, which is defined by the reasonable beliefs of third parties based on a principal’s conduct. Through clear examples and key quotations from the Restatement (Third) of Agency, Professor Seth C. Oranburg demonstrates how these forms of authority can legally bind a principal and explores the potential risks businesses face when authority is not clearly defined. Tune in to deepen your understanding of managing authority and mitigating legal and financial liabilities in complex agency relationships.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related