Examlex
Which of the following is true of state action?
Apparent Authority
The appearance or assumption of authority based on the actions or statements of the principal, leading third parties to believe an agent has authority to act.
Actual Authority
A legal concept where a party is officially granted the power to act on behalf of another, particularly in a business setting.
Implied Authority
The power of an agent to act on behalf of a principal, assumed to be granted due to the nature of the relationship, without explicit consent.
Actual Authority
The specific powers that a principal explicitly grants to an agent to act on their behalf.
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