Examlex
The Caesar Coffee Company pays wages in the amount of $12,000. This transaction includes a credit to Wages Expense.
Consideration
In contract law, consideration refers to something of value that is exchanged between parties as part of an agreement, making the contract legally binding.
Apparent Authority
A situation where a person appears to have been given the power by a business to act on its behalf, even if no formal authority has been granted.
Manifest Consent
Clearly and unmistakably expressed agreement or approval to an action or proposal.
Authorized Act
An action that has been officially approved or sanctioned by the proper authority.
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