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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.
Implied Authority
The power of an agent to act on behalf of a principal, assumed to be granted due to the nature of the relationship, without explicit consent.
Actual Authority
The specific powers that a principal explicitly grants to an agent to act on their behalf.
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