Examlex
What is the major advantage of a combination recall system?
Apparent Authority
A situation where a person appears to have been given the power to act on behalf of another, leading third parties to reasonably believe in that authority.
Actual Authority
Legal power that an agent has been deliberately given by a principal to act on their behalf in business dealings.
Limited Liability Partnerships (LLPs)
A form of partnership in which some or all partners have limited liabilities, protecting personal assets from business debts and liabilities.
Incorporation
The process of legally defining a company as a separate entity from its owners, providing limited liability and other benefits.
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