Examlex
When evaluating an option on a difficult moral decision, managers must consider:
Apparent Authority
The appearance or assumption of authority based on the conduct or statements of the principal, leading third parties to believe an agent has authority to act.
Unidentified Principal
A scenario in contract law where the identity of the principal is unknown to the third party at the time of agreement.
Actual Authority
The express or implied legal power given to an agent by a principal to undertake specific actions on the principal's behalf.
Uniform Durable Power
A legal document that grants another individual the authority to manage one’s financial and legal affairs even if the grantor becomes incapacitated.
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