Estoppel is the concept that a principal may be liable to a third party if that party justifiable believed that the agent had authority to act for the principal and there was a detrimental change in the third party's position.

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Estoppel is when a person may be liable for an actor's transaction with a third party who justifiably is induced into detrimental change because he believed the actor had authority to act for the person.

Estoppel Is the Concept That a Principal May Be Liable