Examlex
What are the purposes of citations in tax research?
Apparent Authority
A situation where a reasonable person would understand that an agent had authority to act, even if the agent did not have actual authority.
Personal Liability
The legal obligation of an individual to bear the cost of damages or losses themselves, rather than the liability being absorbed by an entity or insurance.
Agency Relationship
A fiduciary relationship in which one party (the agent) agrees to act on behalf of another party (the principal).
Ratify
To formally approve or confirm, often used in the context of treaties, agreements, or legislation.
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