Examlex
The text in a flyer is organized into the following areas: ____.
Partnership Debts
Financial obligations that are the responsibility of a business partnership, to be repaid from the partnership's assets.
Ratification
The act of officially approving or confirming an action or decision, usually after the fact, which might not have been initially authoritative or agreed upon.
Apparent Authority
Apparent authority refers to a situation where a third party is led to believe that an agent has the right to act on behalf of a principal, regardless of whether this is true.
Actual Authority
The explicit power given to an agent by a principal, enabling the agent to perform acts on behalf of the principal.
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