Ostensible agency is predicated on the perception of an agency relationship by a third party.
The concepts of agency law are related to apparent authority (sometimes known as "ostensible authority") in the United States, the United Kingdom, Australia, Canada, and South Africa. Particularly in business law and constitutional law is it relevant.
A circumstance where a third party would reasonably believe that an agent has the power to act is referred to as having seeming authority. This indicates that even if an agent lacked any stated or implied authorization, the principal is nonetheless liable for the agency's activities.
Estoppel is raised because the third party received a guarantee on which he relied, and it would be unfair for the principal to withdraw the authority granted. Even if formal authorization has not been conferred, seeming authority may nevertheless exist legally.
Hence, Ostensible agency is predicated on the perception of an agency relationship by a third party.
To learn more about ostensible agency refer to:
https://brainly.com/question/28413403
#SPJ4
