Examlex
Jamal and Tanya have just married and moved into an apartment of their own to live by themselves as a couple.This residency pattern is called
Potential Liability
The possibility of being responsible for future legal judgments or obligations due to current actions, circumstances, or contracts.
Contracts
Legal agreements between two or more parties that create mutual obligations enforceable by law.
Actual Authority
The express and implied powers a principal intentionally grants to its agent.
Implied Authority
Authority of an agent that is not expressly granted but is inferred from the acts or the conduct of the principal.
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