Examlex
Which of the following is a function of time and the naturally occurring events that coincide with growth and experience?
Actual Authority
A legal concept where a party is officially granted the power to act on behalf of another, particularly in a business setting.
Implied Authority
The power of an agent to act on behalf of a principal, assumed to be granted due to the nature of the relationship, without explicit consent.
Actual Authority
The specific powers that a principal explicitly grants to an agent to act on their behalf.
Authority to Sell
The legal power granted, usually to an agent, to transfer the ownership of property from the seller to the buyer.
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