Examlex
JIT has different meanings for job shops and flow shops.
Liable
Being legally responsible for something, especially in the context of debts or wrongful acts.
Transaction
A business deal or exchange between two or more parties, involving the transfer of goods, services, or funds.
Apparent Authority
A situation where a person appears to have the power to act on behalf of another person or entity, leading third parties to believe in the authority's legitimacy.
Actual Authority
The power that an agent or employee has been deliberately given by a principal or employer to conduct specific acts or transactions.
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