Examlex
Managers undertake an investment only if
Scope of Authority
The extent of powers given to an individual or a body, determined by an agreement, law, or rules governing their actions.
Agent
A person or entity authorized to act on behalf of another, often in a business or legal setting, to undertake specific actions or transactions.
Contract
A legally binding agreement between two or more parties that outlines obligations and rights of those parties.
Impliedly Warrants
Indicates that a warranty is given by implication, rather than expressly stated, based on the circumstances or nature of a transaction.
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