Examlex
A sample of 4 different calculators is randomly selected from a group containing 15 that are defective and 30 that have no defects. What is the probability that at least one of the calculators is defective?
Exceeded Authority
Acting beyond the powers or rights granted by a legal or organizational authority, potentially leading to unauthorized or invalid actions.
Apparent Authority
A situation where a person appears to have been given the power by a company or another person to act on their behalf, even if no actual authority was granted.
Disclosed Principal
A situation in a business arrangement where the identity of the principal is known to all parties involved in the transaction.
Ratifies
To officially approve or confirm an action, agreement, or decision, making it valid and legally binding.
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