Examlex
Validity refers to
Apparent Authority
A situation where a third party reasonably believes that an agent has the authority to act on behalf of a principal, even if the agent does not have such authority.
Principal
In a financial context, the principal is the initial amount of money borrowed or invested, excluding any interest or profit. In an educational setting, it refers to the head of a school.
Agent
An individual authorized to act on behalf of another, often in business or legal matters.
Manifestations
Observable expressions or indications of a condition, disease, or the existence of a particular fact.
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