Once Devised,plans Should Be Permanent and Not Subject to Change

question 11

True/False

Once devised,plans should be permanent and not subject to change.

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Definitions:

Implied Authority

Powers of an agent that are not expressly granted but assumed to be necessary to conduct the principal's business.

Express Authority

Express authority refers to the specific powers given to an agent or entity, explicitly outlined in a contract or agreement.

Apparent Agency

A situation where a principal indirectly indicates that another (the agent) is authorized to act, leading a third party to believe that the agent is acting within their authority.

Contractual Capacity

The legal ability of a person to enter into a binding contract.