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Critical Thinking Questions
-Does the use of bureaucratic oversight staff by Congress and by the OMB constitute unnecessary duplication? Why or why not?
Agency Relationship
A legal relationship between two parties, where one (the agent) is authorized to act on behalf of the other (the principal) in legal or business dealings.
Specific Power
Authority granted to an individual or body to carry out specific actions in a designated context or situation.
Agency Agreement
A legal contract creating a fiduciary relationship which empowers an agent to act on behalf of a principal in transactions.
Apparent Agency
A legal concept where a principal is liable for the acts of their agent, based on the appearance of authority the agent has been given, even if no actual authority was given.
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