Examlex
Accountants often ignore implicit costs.
Implied Authority
The power assumed to be granted to an agent as part of their role, even though it is not explicitly stated in their contract or agreement.
Agent
An individual or entity authorized to act on behalf of another (the principal), creating a legal relationship and engaging in activities under the control of the principal.
Property
Legal rights or interests in anything with value, such as real estate, personal belongings, or intellectual property.
Repairs
The process of fixing, mending, or restoring something to its original or proper condition.
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