Examlex
Thomas had employment on an auto assembly line but left to enlist in the army, so he could fight Nazis. According to the stages of labour market development model, which stage did Thomas's pre-war employment situation characterize?
Sole Proprietorship
A business owned and operated by a single individual, where there is no legal distinction between the owner and the business.
Undisclosed Principal
A person who is represented in a transaction by an agent but whose identity is not revealed to the third party involved.
Agent's Authority
Refers to the powers granted to an agent by the principal, enabling the agent to act on behalf of the principal in legal or business matters.
Apparent Authority
A situation where a reasonable third party would understand that an agent had the authority to act, even if the agent did not have such authority.
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