Examlex
_____ means that the whole is greater than the sum of the parts.
Implied Authority
The power assumed by a person that allows them to act for another, even if not explicitly granted.
Apparent Authority
A situation where a person appears to have been given authority to act on behalf of another, even if no actual authority has been granted.
Third Party
An entity or individual not primarily involved in a legal contract or transaction but may be affected by it or have an interest in it.
Actual Authority
The express and implied powers granted to an agent by the principal in a principal-agent relationship.
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