Определение breach of warranty of authority в Английский Язык Английский Язык словарь
(Kanun) Creating an impression of agency where no such relationship exists. An agent who enters into a contract with a third party (for and on behalf of a principal) by implication warrants that he or she has the authority to do so. If this is not the case, the third party has the right to sue the agent for breach of warranty of authority
(See 47) A legal cause of action; a theory on which an injured party seeks damages It arises when a salesperson makes erroneous statements or offers false promises regarding a product's characteristics and capabilities A legal cause of action; a theory on which an injured party seeks damages It arises when a salesperson makes erroneous statements or offers false promises regarding a product's characteristics and capabilities
When used in reference to an insurance applicant or policyowner, the result of making fraudulent statements or withholding information that causes an insurance company to assume a risk it would not otherwise insure Misrepresentation by the policyowner as to a condition precedent to the issuance of the policy (See also: condition precedent ) This act voids the policy (See also: warranty )