Examlex
Determine whether the system is consistent.
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Contract
A legally binding agreement between two or more parties that creates mutual obligations enforceable by law.
Implied Authority
The power of an agent to act on behalf of a principal, derived from the actions, words, or conduct of the principal rather than from an explicit written or spoken agreement.
Express Authority
Authority explicitly granted by a principal to an agent to perform specific acts or functions on the principal's behalf.
Apparent Authority
Apparent authority refers to a situation where a person appears to have the agent's authority to act on behalf of another (the principal) due to the principal's actions, leading third parties to believe in the existence of such authority.
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