Examlex
What is the definition of the natural log function?
Apparent Authority
A form of authority that an agent appears to have based on the principal's actions, leading third parties to reasonably believe the agent has the authority to act.
Negotiable Instruments
Written contracts (like checks, promissory notes, and bills of exchange) that guarantee the payment of a specific amount of money, either on demand or at a set time.
Actual Authority
The explicit power given to an agent by a principal, allowing the agent to act on the principal's behalf.
Express Authority
Explicit, direct power given to an individual or entity to perform actions or make decisions on behalf of another.
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