Examlex
Adam Smith and David Ricardo reasoned that in a world of two countries, at least one country will be worse off as the result of trade.
Apparent Authority
A situation where a person appears to have been given authority to act on behalf of another, even if no actual authority has been granted.
Third Party
An entity or individual not primarily involved in a legal contract or transaction but may be affected by it or have an interest in it.
Actual Authority
The express and implied powers granted to an agent by the principal in a principal-agent relationship.
Unanimous Vote
A voting outcome where all members of a group or assembly agree on a decision.
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