Examlex
Which one of the following students is most clearly engaging in critical thinking?
Express Authority
Express authority refers to the specific powers given to an agent or entity, explicitly outlined in a contract or agreement.
Apparent Agency
A situation where a principal indirectly indicates that another (the agent) is authorized to act, leading a third party to believe that the agent is acting within their authority.
Contractual Capacity
The legal ability of a person to enter into a binding contract.
Lawful Purpose
Involves activities or objectives that are not illegal or prohibited by law, often a prerequisite in contract law to ensure that the contract’s intent complies with legal standards.
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