Examlex
A(n) ________ market is one where an investor can exchange any currency in any amount at the spot rate or forward rate and is free to purchase or sell any security in any amount in any country at their current market prices.
Third-Party Estoppel
A legal principle that prevents a party from asserting or denying a fact due to another's act, when the third party has relied upon that act or representation.
Implied Authority
The power assumed by an individual as part of their role or position, enabling them to perform tasks or make decisions inherent to their duties.
Express Authority
The power granted to an agent explicitly by the principal, typically through direct, clear instructions.
Principal's Express Statements
Direct and clear statements made by a principal (the person who has given authority to another, the agent, to act on their behalf) regarding their intentions, instructions, or policies.
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