Examlex
Choose the one alternative that best completes the statement or answers the question.
-If , what does equal?
Unidentified Principal
Refers to a scenario in agency relationships where the identity of the principal is unknown to the third party at the time of the transaction.
Contract Action
A legal proceeding initiated to enforce the terms of a contract or to resolve disputes arising from a contract.
Apparent Authority
The appearance or assumption of authority based on the actions or statements of the principal, leading third parties to believe an agent has authority to act.
Actual Authority
A legal concept where a party is officially granted the power to act on behalf of another, particularly in a business setting.
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