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Simplify.
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Express Authority
The authority of an agent that arises when the principal explicitly instructs the agent to do something. Also called actual authority.
Equitable Parity Rule
A legal principle ensuring fair treatment of all parties by balancing interests in a judicial or contractual scenario.
Express Authority
Explicit permission granted to an individual or entity to act on behalf of another, typically in a legal or business context.
Disclosed Principal
A principal whose identity is known to a third party. The third party is aware that the agent is making an agreement on behalf of the principal.
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