Actual authority refers to specific powers. Apparent authority is the power of agent to act on behalf of principal. Implied authority means agent can act according to jurisdiction to perform acts .
What is agency relationship?
An agency relationship is one where one party appoints another to perform tasks on their behalf. The definition of an agency relationship is a partnership between a principle and an agent in which the principal grants the agent the authority to act on the principal's behalf. The hiring of a lawyer to handle legal work on someone else's behalf is a typical example of an agency relationship. The agent is able to fulfill the principal's needs in this situation because of a legal authorization.
Since the connection is seen as fiduciary, trust and confidence are its foundations. To grant their agent the authority to act on their behalf, the principle must have faith in and confidence in them.
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