Examlex
Which of the following is the most frequently visited type of retail store?
Auctioneer
A person who conducts auctions by calling out prices and selling items to the highest bidder.
Estoppel
A legal principle that prevents a party from asserting a claim or right that contradicts what they have previously stated or agreed to by their actions.
Express Authority
Pertains to the power explicitly granted by one party to another, typically in writing, to perform specific acts or functions.
Implied Authority
Powers not expressly stated but assumed to be granted in order for an individual to carry out duties effectively.
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