Also known as "express authority."
Actual authority arises where the principal's words or conduct rationally cause the agent to believe that he or she has been empowered to act. An agent receives actual authority either orally or in writing. Written authority is preferable, as it is somewhat difficult to establish authority that is given verbally. In a corporation, written express authority includes bylaws and resolutions from directors' meetings which grant the authorized person permission to carry out a definite act on behalf of the corporation.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
actual authority — see authority Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. actual authority … Law dictionary
actual authority — Such authority as a principal intentionally confers upon his agent, or intentionally or by want of ordinary care allows the agent to believe himself to possess. McIntosh v Dakota Trust Co., 52 ND 1021, 204 NW 918, 40 ALR 1021. Actual authority,… … Ballentine's law dictionary
actual authority — The power of an agent to bind its principal where such power derives either from express or implied agreement between the principal and the agent. HyKen v. Travelers Ins. Co., Mo.App., 678 S.W.2d 454, 457. In the law of agency, such authority as… … Black's law dictionary
agent's actual authority — Such authority as a principal intentionally confers upon the agent, or intentionally or by want of ordinary care allows the agent to believe himself to possess. 3 Am J2d Ag § 69 … Ballentine's law dictionary
authority — au·thor·i·ty n pl ties 1: an official decision of a court used esp. as a precedent 2 a: a power to act esp. over others that derives from status, position, or office the authority of the president; also: jurisdiction b: the power to act … Law dictionary
actual — ac·tu·al adj: existing in fact or reality compare constructive ac·tual·ly adv Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
authority — Permission. Right to exercise powers; to implement and enforce laws; to exact obedience; to command; to judge. Control over; jurisdiction. Often synonymous with power. The power delegated by a principal to his agent. The lawful delegation of… … Black's law dictionary
authority of agent — The power of the agent to affect the legal relations of the principal by acts done in accord with the principal s manifestations of consent to him. See agent s actual authority; agent s apparent authority; agent s express authority; agent s… … Ballentine's law dictionary
Actual Grace — • A grace that is given for the performance of salutary acts and is present and disappears with the action itself Catholic Encyclopedia. Kevin Knight. 2006. Actual Grace Actual Grace … Catholic encyclopedia
actual express authority — see authority Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary