What kind of authority is given in writing within an agent's contract?

The correct answer is express authority, which refers to the specific, clearly defined powers granted to an agent as outlined in a written contract. This authority allows the agent to perform certain acts on behalf of the principal in a manner that is explicitly stated in the agreement. For example, if a property owner hires an insurance adjuster and the details of what the adjuster can do are laid out in writing, this constitutes express authority.

Understanding express authority is fundamental because it establishes the boundaries of the agent's actions and responsibilities, ensuring that both the principal and the agent are in alignment regarding the tasks to be performed. This helps prevent misunderstandings and legal issues down the line, as all parties have a clear reference point for the agent's role.

In contrast, implied authority arises from the nature of the agent's position or from the circumstances surrounding their role, rather than being explicitly written down. Apparent authority refers to the authority that a third party believes an agent possesses based on the principal's conduct, not necessarily granted in writing. Fiduciary authority relates to the agent's obligation to act in the best interests of the principal, but again, this is a legal duty rather than a form of authority defined in a contract.