Examlex
Moderate drinking is most accurately defined as ________.
Express Authority
The power granted to an agent or representative explicitly stated by the principal in a written or oral form.
Actual Authority
The express and implied powers given by a principal to an agent for carrying out specific transactions.
Principal
The primary party involved in a transaction or contract, or the amount of money originally invested or loaned, before interest.
Agent
An individual or entity authorized to act on behalf of another (the principal) in legal or business matters.
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