Examlex
Which of the following statements regarding Environmental Impact Statements is incorrect?
Apparent Authority
A doctrine in law where a principal leads a third party to believe that an agent has the authority to act on the principal's behalf, even if the agent doesn't have actual authority.
Agency Contract
A legal agreement wherein one party (the agent) agrees to act on behalf of another party (the principal) in a business transaction or other matter.
Third Party
An individual or group not directly involved in a contract or legal transaction but could be affected by its outcome.
Agency Relationship
A legal and fiduciary relationship between two parties, where one (the agent) is authorized to act on behalf of the other (the principal) in business transactions.
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