Examlex
According to Piaget, magical thinking is the belief that:
Apparent Authority
The appearance or assumption of authority based on the actions or statements of the presumed principal, irrespective of whether true authority exists.
Actual Authority
The express and implied powers given to an agent by a principal, allowing the agent to make legally binding decisions.
Principle Of Estoppel
A legal doctrine preventing an individual or entity from making assertions or from going back on their word where actions or declarations have been made that others have relied upon.
Agency Relationship
A legal arrangement where one party, the agent, is authorized to act on behalf of another, the principal, in business transactions.
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