Examlex
Which of the following is a progressive brain disorder typically associated with old age that leads to a gradual and irreversible decline in cognitive abilities?
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.
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