Examlex
Persons who argue that monetary and fiscal policy should be deliberately used to smooth out the business cycle are called
Implied Authority
Actual authority given to an agent to bind his or her principals and to act in a way that the agent reasonably believes is necessary to perform his or her duties.
Indemnify
To reimburse or promise to reimburse another from loss. To act as security or protection against a loss.
Special Agent
An agent that is employed to conduct a single transaction or a small, simple group of transactions.
Authority
In agency law, an agent’s ability to affect his principal’s legal relations with third parties. Also used to refer to an actor’s legal power or ability to do something. In addition, sometimes used to refer to a statute, case, or other legal source that justifies a particular result.
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