Examlex
Which of the following represents a typical supply chain?
Express Authority
The explicit power given by a party to someone, allowing them to act on the party's behalf, often found in legal and organizational contexts.
Implied Authority
Authority of an agent that is not explicitly stated but is implied by the agent's actions or the circumstances of the task.
Terminate
To bring something to an end or conclude its operation.
Agency Relationship
A legal relationship in which one party, the agent, acts on behalf of another party, the principal, with the principal's consent.
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