Examlex
What are the procedures that an object performs called?
Actual Authority
The express and implied powers a principal intentionally grants to its agent.
Implied Authority
Authority of an agent that is not expressly granted but is inferred from the acts or the conduct of the principal.
Apparent Authority
A form of authority that a third party reasonably believes an agent has, based on the principal's representations, leading the third party to conclude that the agent is acting within the scope of their authority.
Voidable
A legal term referring to a contract or agreement that may be declared invalid by one of the parties due to issues like fraud or misrepresentation.
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