Examlex
Which type of Internet connection slows down when more customers or computers are using it?
Actual Authority
The express and implied powers granted to an agent by the principal.
Partially Disclosed Principal
A principal whose identity is not known by a third party, although the third party is aware that the agent is making an agreement on behalf of a principal. Also called unidentified principal.
Apparent Authority
A form of authority that a third party perceives to exist based on the principal’s behavior, even if no actual authority has been granted by the principal to the agent.
Agency Relationship
A legal arrangement in which one party, the agent, is authorized to act for another, the principal, in business transactions.
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