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​Managers Undertake an Investment Only If

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​Managers undertake an investment only if


Definitions:

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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