Examlex
Which of the following concepts was developed earliest?
Equitable Parity Rule
A legal principle ensuring fair treatment of all parties by balancing interests in a judicial or contractual scenario.
Express Authority
Explicit permission granted to an individual or entity to act on behalf of another, typically in a legal or business context.
Disclosed Principal
A principal whose identity is known to a third party. The third party is aware that the agent is making an agreement on behalf of the principal.
Scope of Authority
The range or extent of power granted to an individual or entity to act on behalf of another, particularly in legal or contractual contexts.
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