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Whole-vs-Part Learning:
Duty To Obey
A legal or moral obligation to follow the laws or commands of a given authority.
Credit Worthiness
An assessment of a borrower's ability to repay debts based on their financial history, credit score, and other factors indicating financial stability.
Implied Authority
The power of an agent to perform acts that are reasonably necessary to accomplish the purpose of an organization, even if not explicitly granted.
Express Authority
An agent’s authority that the principal voluntarily and specifically sets forth as oral or written instructions in an agency agreement.
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