Examlex
What is the BOFFF hypothesis and what does it mean for fisheries management?
Apparent Authority
A form of authority that an agent appears to have to a third party because of the behavior or statements of the principal, even if the actual authority was not granted.
Actual Notice
Knowledge of a fact acquired directly through firsthand experience or communication, not through inference or assumption.
Breach of Contract
The violation of a contractual obligation without valid legal excuse, which may result in legal consequences including the right to damages or enforcement of performance.
Unidentified Principal
Refers to a scenario in agency relationships where the identity of the principal is unknown to the third party at the time of the transaction.
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