Examlex
Which of the following statements about written and verbal communication is correct?
Apparent Authority
Apparent authority refers to a situation where a reasonable person would understand that an agent has the authority to act on behalf of a principal, even if the agent does not have actual authority.
Business Expenses
Costs incurred in the operation of a business, which are typically deductible from the business income for tax purposes.
Personal Expenses
Outlays or expenditures that individuals make for personal, non-business activities, goods, or services.
Constructive Notification
Information or knowledge that is legally deemed to have been obtained by a party, even if not directly received, through recorded documents or public filings.
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