Business Terms and Jargon Explained
What is Warranty of Authority
This is where there is a contract of agency. It is a promise to whomever the agent enters into contracts with that the agent has the authority to do so. This means that the agent is not liable in law for the contracts to the third party. In the absence of a warranty of authority then the person who held themselves out to be the agent will be liable.
<- Go Back
Business Terms Home page
Search Jargon and Terms Database
A B C D E F G H I J K L M N
O P Q R S T U V W X Y Z
Term created / updated 2005-10-07 23:28:43
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.
Copyright © 2004-2019 Scopulus Limited. All rights reserved.