lack Letter
BANew York Court of Appeals, 2007stubesbozounverifiedsin verificarSkim briefBrief rápido

Highland Capital Management LP v. Schneider

8 N.Y.3d 406 (2007)

A broker's words alone, and whether they can bind the clients who hired him

In one lineEn una línea
Apparent authority rests on the principal's words or conduct toward the third party, never on the agent's own representations.La representación aparente nace de las palabras o actos del principal frente al tercero, nunca de lo que el agente dice de sí mismo.
RuleRegla
A third party may rely on apparent authority only where the principal's conduct, reasonably interpreted, caused the belief that the agent was authorized; the agent cannot create apparent authority by his own statements.
Why this case is herePor qué está aquí este caso
The chapter uses it to show that apparent authority must trace back to the principal's own manifestations, not to the agent's say-so; verify the exact holding before citing.
Procedural posturePostura procesal
Certified questions from the Second Circuit about whether an agent's statements and conduct could create apparent authority; the Court of Appeals answered the questions and the case returned to federal court.
apparent authorityactual authority (express and implied)

AssignedAsignado: 2026-09-01

Read the public opinionLeer la opinión (texto público). SourceFuente: Skim brief from memory of the public opinion; verify facts and holding against the opinion before citing..