In a sharply divided opinion, the Illinois Supreme Court reversed the holding of the Illinois First District Appellate Court that a hospital can be vicariously liable under the doctrine of apparent ...

A recent decision out of the Armed Services Board of Contract Appeals serves as a useful reminder that the rules regarding apparent authority in contracting apply differently to government employees ...

The general rule is that, in the absence of authority from the board of directors, no person, not even its officers, can validly bind a corporation. However, just as a natural person may authorize ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Eric's career includes extensive work in both public and corporate accounting with ...

A rail company that sold railcars to an individual supposedly acting on behalf of another company can’t sue the other company for breach of contract – even though the individual used that company’s ...