Examlex
_____ refers to the actions that are taken out of duty and obligation to a purely moral ideal,rather than based on the needs of the situation,since the principles are seen to apply to everyone,everywhere,and all the time.
Undisclosed Principal
A person whose existence is unknown to the third party in a contract made by an agent on their behalf.
Apparent Authority
The power that a third party perceives an agent has over the principal, based on the principal's behavior.
Actual Authority
Actual authority refers to the express and implied powers that an agent has been intentionally granted by the principal in an agency relationship.
Subagent
A person authorized by an agent to perform tasks or duties on behalf of the agent's principal.
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