Actual Authority — Specific powers, expressly conferred by a principal (often an insurance company) to an agent to act on the principal s behalf. This power may be broad, general power or it may be limited, special power. Also known as express authority. Actual… … Investment dictionary
actual authority — Such authority as a principal intentionally confers upon his agent, or intentionally or by want of ordinary care allows the agent to believe himself to possess. McIntosh v Dakota Trust Co., 52 ND 1021, 204 NW 918, 40 ALR 1021. Actual authority,… … Ballentine's law dictionary
actual authority — The power of an agent to bind its principal where such power derives either from express or implied agreement between the principal and the agent. HyKen v. Travelers Ins. Co., Mo.App., 678 S.W.2d 454, 457. In the law of agency, such authority as… … Black's law dictionary
actual authority — The power of an agent to bind its principal where such power derives either from express or implied agreement between the principal and the agent. HyKen v. Travelers Ins. Co., Mo.App., 678 S.W.2d 454, 457. In the law of agency, such authority as… … Black's law dictionary
authority — au·thor·i·ty n pl ties 1: an official decision of a court used esp. as a precedent 2 a: a power to act esp. over others that derives from status, position, or office the authority of the president; also: jurisdiction b: the power to act … Law dictionary
actual — ac·tu·al adj: existing in fact or reality compare constructive ac·tual·ly adv Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
agent's actual authority — Such authority as a principal intentionally confers upon the agent, or intentionally or by want of ordinary care allows the agent to believe himself to possess. 3 Am J2d Ag § 69 … Ballentine's law dictionary
authority — Permission. Right to exercise powers; to implement and enforce laws; to exact obedience; to command; to judge. Control over; jurisdiction. Often synonymous with power. The power delegated by a principal to his agent. The lawful delegation of… … Black's law dictionary
authority — Permission. Right to exercise powers; to implement and enforce laws; to exact obedience; to command; to judge. Control over; jurisdiction. Often synonymous with power. The power delegated by a principal to his agent. The lawful delegation of… … Black's law dictionary
authority of agent — The power of the agent to affect the legal relations of the principal by acts done in accord with the principal s manifestations of consent to him. See agent s actual authority; agent s apparent authority; agent s express authority; agent s… … Ballentine's law dictionary
