Examlex
How would two unrelated individuals with the same color skin compare?
Implied Authority
Authority of an agent that is not expressly granted but is assumed to be necessary to perform the duties assigned.
Express Statements
Explicit and direct expressions or declarations made verbally or in writing.
Agent
An individual or organization empowered to represent another party (known as the principal) in transactions with third parties.
Principal
The original sum of money borrowed in a loan, or the amount of the investment before earnings or losses.
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