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Duty to Account
An obligation to provide a detailed report of financial transactions or holdings.
Duty to Maintain
The obligation to keep property, equipment, or systems in good working condition through regular care, repair, and upkeep.
Implied Authority
The authority of an agent to perform acts which are reasonably necessary to accomplish the purpose of an organization.
Express Authority
Legal authority granted explicitly in a document or spoken agreement, allowing individuals or entities to perform certain acts.
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