Examlex
Which of the following is a method for comparing alternative vendor proposals for development of an accounting information system when the vendors differ with regard to their ability to meet the project criteria?
Attorney-In-Fact
An agent who is given express, written authorization by his principal to do a particular act or series of acts on behalf of the principal.
Express Authorization
Explicit permission granted by one party to another to perform actions or activities on its behalf.
Principal
In agency law, one under whose direction an agent acts and for whose benefit that agent acts.
Implied Trust
A trust not created by explicit words but inferred by law to avoid injustice or to reflect the presumed intention of the parties involved.
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