Examlex
What is deperimeterization?
Express Authorization
Express authorization is a clear and direct granting of permission or power to act, often specified in writing, that delineates the scope and terms under which actions may be taken.
Consideration
The value (such as money, services, or goods) exchanged between parties in a contract, making the agreement legally binding.
Apparent Authority
The impression given by a principal to a third party that an agent has the authority to act on the principal’s behalf.
Agency Relationship
A legal relationship wherein one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.
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