Examlex
A variant of Verizon's IN calling program gave customers discounts when they identified the names and telephone numbers of up to 20 people whom they frequently called.This is an example of
Express Authority
The power given explicitly to an agent or representative by a principal, through verbal instructions or written documentation.
Implied Authority
Indicates the power or permission granted through actions or circumstances, not explicitly outlined in a contract or verbal agreement.
Apparent Authority
The impression given by an agent that they have been given the power to act on behalf of a principal, whether or not they actually have this authority.
Partnership
A legal business structure where two or more people share ownership, responsibilities, profits, and liabilities.
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