Examlex
__________ processing allows us to follow a conversation like the following."Sssup" says Pete."Nada," replies Ken and adds "Friday night?" "You know it," says Pete.
Implied Authority
The power assumed to be held by an agent as it is necessary to carry out his or her express authority.
Apparent Authority
The perception created by the actions of a principal, leading third parties to believe that an agent has authority to act on behalf of the principal.
Warranties
Legally binding guarantees provided by a seller to a buyer, assuring that a product or service meets certain quality and performance standards.
Limitation
A legal restriction or time frame within which certain actions must be taken, such as filing lawsuits or making claims, to remain valid or enforceable.
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