What Is a Service Level

question 49

Essay

What is a service level?

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Definitions:

Apparent Authority

The appearance or assumption of authority based on the actions or statements of a principal, leading others to believe a person has the right to act on the principal’s behalf.

Undisclosed Principal

A legal term referring to a situation where an agent acts on behalf of a principal, but the identity of the principal is not revealed to the third party involved in the transaction.

Formalities

Specific procedures, requirements or conditions that are mandated by law or established practice.

Partnership

A form of business organization; specifically, an association of two or more persons to carry on a business as co-owners for profit.