Examlex
In the equation , what does the c represent?
Apparent Authority
The appearance or assumption of authority based on the actions or declarations of another, leading third parties to believe a person has the authority to act on behalf of an entity.
Express Authority
Explicit permission given by a principal to an agent to act on their behalf.
Advance Payment
A prepayment made before the actual due date or before receiving the goods or services it is meant for.
Terminated Agency
The end of a legal relationship between a principal and an agent, where the agent can no longer act on behalf of the principal.
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