Examlex
Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Mary Wollstonecraft
Ratification
The official approval of a contract or agreement, making it valid and enforceable.
Exceeded Authority
Acting beyond the powers or rights granted by a legal or organizational authority, potentially leading to unauthorized or invalid actions.
Apparent Authority
A situation where a person appears to have been given the power by a company or another person to act on their behalf, even if no actual authority was granted.
Disclosed Principal
A situation in a business arrangement where the identity of the principal is known to all parties involved in the transaction.
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