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Hi, I need help with essay on Commercial Law. Paper must be at least 3250 words. Please, no plagiarized work!On the other hand, there are cases in United Kingdom and Singapore that similarly dealt wit
Hi, I need help with essay on Commercial Law. Paper must be at least 3250 words. Please, no plagiarized work!
On the other hand, there are cases in United Kingdom and Singapore that similarly dealt with your situation. In view to this, the following discussion will deal on these cases, and ostensible authority in the United Kingdom to further your knowledge on your current situation. Facts As an overview, Cheng-Han Tan cited that the agency relationship occurs when a principal allows an agent to represent itself, wherein the agent also agrees with the representation. There is a mutual agreement between the principal and the agent in the agency relationship, even in instances that either one disclaims or does not pronounce the mutual agreement. Also, the agent can be given authority, which is granted by the principal to enter within a contract with a third party. However, if the contract entered by the agent with the third party is not authorised by the principal, then the principal is not committed to the contract. Moreover, ostensible authority appears only in specific circumstances. Ostensible authority comes in view when the agent surpasses the authority given by the principal, when the agent is no longer recognised as an agent of the principal, or when a person, never been recognised as the agent is then permitted to be the agent.1 In addition, Steyn LJ cited that ostensible authority or apparent authority is used in two main parts.
