Agency by Estoppel
Legal Definition and Related Resources of Agency By Estoppel
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Meanings, Synonyms, Etymology, Translations and More
Meaning of Agency By Estoppel
A relationship imposed on parties by law. Arises where a principal , by negligence in supervising the affairs as conducted by the agent, allows him to exercise powers not granted to him, thus justifying others in believing that the agent possesses requisite authority. Sometimes referred to as the agent's ostensible authority , which term would properly apply to all such matters that one would normally expect an agent to possess in the particular circumstances of a given transaction.Where one has so acted from his conduct to lead another to believe that he has appointed someone to act as his agent, and knows that that other person is about to act on that behalf, then, unless he interposes, he will, in general , be estopped from disputing the agency, though in fact no agency really existed. See reserve Ins. Co. v Duckett, 214 A.2d 754, 240 Md. 591.
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Agency By Estoppel in Historical Law
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Concept of Agency by Estoppel in the context of Real Property
A short definition of Agency by Estoppel: An agency created by operation of law when one who is not an agent acts as an agent or an agent oversteps his/her authority, but action (or failure to act) by the principal leads one to believe that the authority exists. See also: Apparent Authority; Ostensible Agency.
Concept of Agency by Estoppel in the context of Real Property
A short definition of Agency by Estoppel: An agency created by operation of law when one who is not an agent acts as an agent or an agent oversteps his/her authority, but action (or failure to act) by the principal leads one to believe that the authority exists. See also: Apparent Authority; Ostensible Agency.
Meaning of Agency by Estoppel
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See Also
Principal
Agent