When a agent carries on a particular trade or profession,his express and implied authorithy carry with them a usual authorithy.
Such authorithy enables him to perform acts which are usual in the particular trade or profession.On the other hand,if there are certain customs of a trade,he has actual authorithy to comply with such customs.Examples of usual authorithy may be given as follows:
Such authorithy enables him to perform acts which are usual in the particular trade or profession.On the other hand,if there are certain customs of a trade,he has actual authorithy to comply with such customs.Examples of usual authorithy may be given as follows:
- An investment manager with intructions to sell has a usual authorithy to sign a memorandum of the contract of sale on behalf of the vendor.
- A property agent who has authorithy to sign a contract on behalf of the owner.
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