Match the Accounting Terms with the Description by Entering the Proper

question 23

Short Answer

Match the accounting terms with the description by entering the proper letter in the space provided.

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Definitions:

Express Authority

Power clearly stated or written, given by one party to another.

Agreement Of Partners

A legal document outlining the terms and conditions under which partners agree to operate a partnership.

Actual Authority

The express or implied power given to an agent by the principal, allowing the agent to act on behalf of the principal.

Respondeat Superior

A legal doctrine holding employers liable for the actions of their employees performed within the course of their employment.