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What are the biggest differences between actual and apparent authority?

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Solution Summary

What are the biggest differences between actual and apparent authority?

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Biggest Differences are:

Actual authority stems from contractual relationship between agent and principal whereas apparent authority arises due to the legal relationship between third party and principal.

In the case of actual authority, third party is not a party to the agreement and does not ...

Solution provided by:
Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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