Examlex
Which of the following is true about the trait model of leadership?
Agency Terminates
refers to the end of an agency relationship, which can occur through various means including mutual agreement, completion of the agency purpose, or revocation by either party.
Gratuitous Agency
An arrangement where an agent acts on behalf of a principal without receiving any compensation for the services rendered.
Formed By Contract
Established or created as a result of a legal agreement between parties.
Actual Authority
Actual authority is the express or implied legal power given to an agent by the principal to act on their behalf.
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