actual authority


Also found in: Financial.

actual authority

the express power granted to an agent (see AGENCY) by his principal. It appears also in PARTNERSHIP. Where it has been agreed between the partners that any restriction is to be placed on the power of any one or more of them to bind the firm, no act done in contravention of the agreement is binding on the firm with respect to persons having notice of the agreement.
References in periodicals archive ?
This authority may arise from your actual authority or your apparent authority.
Claimants are permitted to proceed with their claims of infringement on a number of methods of agency law, (19) but the three most traditional methods discussed in this Note are actual authority, apparent authority, and ratification.
The public official, however, does not need to have actual authority over that official action.
Patrick has bodacious persuasive skills, but no actual authority over who runs those schools.
Even the leadership of [Daesh] is refusing to talk or even say who is the actual authority that can carry out negotiations.
Hala -- Opposition leader in the National Assembly, Syed Khursheed Shah on Sunday said the actual authority does not lie with the Rangers but it lies with the law.
The Ninth Circuit held that although Montelius did not have the actual authority to act as a general partner of the partnership, he had the apparent authority to do so, and this authority extended to the signing of consents to extend the limitation period.
represent estimates of amounts that may be required during the entire framework agreement and not exact quantities to be purchased, the latter can be lower, equal or higher compared to the estimated, depending on the needs of actual authority Contracting.
The duke claims that Craig had no actual authority to enter any agreement or negotiate on his behalf.
Pardew telling Match of the Day afterwards that the owner "loves" Newcastle sticks in the throat but it is typical of the black and white boardroom world view: thanks to the mutual mistrust that fans have for them the pair have now been cast as close allies, just with the manager wielding little in the way of actual authority.
He stated that the agreement was made by John Craig acting on behalf of the Duke and that John Craig had actual authority from the Duke to make that agreement, as evidenced by the 'To whom it may concern' letter.
People who are "really employed" by the insurer to transact business have actual authority.