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In a public switched telephone network, lines are terminated at the central office.
Actual Authority
The express and implied powers given to an agent by a principal, allowing them to make legally binding decisions on the principal’s behalf.
Apparent Authority
Apparent authority refers to a situation where someone reasonably believes another has the authority to act on behalf of an organization due to the organization's actions or communications.
Principal
The primary individual or entity involved in a transaction or contract, or a sum of money lent or invested on which interest is paid.
Actual Authority
The express and implied powers granted by a principal to an agent to enter into contracts or make decisions on behalf of the principal.
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