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Implied Authority
The authority of an agent that arises by inference from the words and actions of the principal.
Express Authority
The authority of an agent that arises when the principal explicitly instructs the agent to do something. Also called actual authority.
Equitable Parity Rule
A legal principle ensuring fair treatment of all parties by balancing interests in a judicial or contractual scenario.
Express Authority
Explicit permission granted to an individual or entity to act on behalf of another, typically in a legal or business context.
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