In Freeman & Lockyer v Buckhurst Park Properties (Mangal) Ltd,1 It is there shown that
actual authority may be express or implied. It is express when it is given by express words,
such as when a board of directors pass a resolution which authorises two of their number to
sign cheques. It is implied when it is inferred from the conduct of the parties and the
circumstances of the case, such as when the board of directors appoint one of their number to
be managing director. They thereby impliedly authorise him to do all such things as fall
within the usual scope of that office. Actual authority, express or implied, is binding as
between the company and the agent, and also as between the company and others, whether
they are within the company or outside it.
1
    [1964] 2 Q.B. 480; [1964] 2 W.L.R. 618; [1964] 1 All E.R. 630, C.A