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.

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Crowding Out Pseudonymous In solidum
Cloud computing Non est factum Business Objects
Principal trade Industrial Tax Exemption Affiliate
Constraints Restrictions Real Wage Flexibility Loading List
Fixed Cost Freightage Excise Warehouse
Unissued stock Value billing Cold Wallet
Adhocracy Merit Good Fringe time
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Fill or kill Balance of payments (BOP) Personal Rights
Ratio decidendi Exempt Supply Gaming Duty
Ringgit Copycat packaging Hardening - Systems
Rational Decision VCU Unlawful

Term created / updated 2005-10-07 23:28:43

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