Business Studies, asked by syednaimashah786, 1 year ago

What is meant by implied agency?

Answers

Answered by Anonymous
1

Hlo..

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Implied authority refers to an agent with the jurisdiction to perform acts which are reasonably necessary to accomplish the purpose of an organization. Under contract law, implied authority figures have the ability to make a legally binding contract on behalf of another person or company.

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Answered by riyazmasskick
0

Answer:Implied agency means an agency created from the conduct of the principal and agent. It is generally inferred by circumstances that imply an intention to create an agency relationship. An implied agency is an actual agency, and is a fact to be proved by deductions or inferences from other facts.

Explanation:

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