Examlex
All of the following statements about Ronald Reagan are true except
Apparent Authority
The situation in which an agent's actions lead a third party to reasonably believe that the agent has the authority to act on behalf of the principal.
Wholesale Jeweler
A wholesale jeweler is a business entity that sells jewelry in large quantities, usually to retailers rather than directly to the public.
Retail Jewelry Store
A business establishment that specializes in selling jewelry and related accessories directly to consumers.
Personally Bound
Being legally obligated on an individual basis, usually in terms of contractual or financial responsibilities.
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