What does agency by estoppel mean?

agency by estoppel meaning in Law Dictionary

When a real estate agent is appointed not officially. AKA presumption of company. Make reference to partnership by estoppel.

agency by estoppel meaning in Business Dictionary

Legally binding company commitment that'll occur in which, in reality, no formal company agreement is within effect. A principal may give an appearance of agency relationship by, as an example, furnishing his or her company's telephone call cards or other stationery toward broker. In such instances, the existence of a company can be assumed, while the key might limited by the acts associated with agent carried out from the key's account. Also known as presumption of company. See additionally partnership by estoppel.