Examlex
Which of the following is the BEST example of altruism?
Apparent Authority
A situation where a person appears to have been given the power by a company or another person to act on their behalf, even if no actual authority was granted.
Disclosed Principal
A situation in a business arrangement where the identity of the principal is known to all parties involved in the transaction.
Ratifies
To officially approve or confirm an action, agreement, or decision, making it valid and legally binding.
Contractually Bound
Contractually Bound indicates that parties have agreed to specific terms and conditions outlined in a contract, obligating them to fulfill their respective parts of the agreement.
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