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First Energy (UK) Ltd v Hungarian International Bank Ltd

[1993] 2 Lloyd's Rep 194; [1993] BCC 533; [1993] BCLC 1409 (CA)
JurisdictionUnited Kingdom
CourtCourt of Appeal (Civil Division) (England and Wales)
Year1993
StatusBinding authority

Key Principle

An agent without ostensible authority to enter a transaction may nonetheless have ostensible authority to communicate that head-office approval for the transaction has been obtained, thereby binding the principal.

Area of Law

a

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