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When does underwriter have apparent authority for agent?
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Court Report
Tuesday, July 28, 2015
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During the course of constructing a vacation home, the homeowners used a title agency they believed was an agent of a national underwriter to be their escrow disbursing agent. After construction stalled and they were forced to pay an increased amount to finish construction, they sued the agent as well as the underwriter, arguing that the underwriter had apparent authority for the actions of its agent. Read on for more details.
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