Examlex
Which of the following is a feature of flophouses?
Legal Admissions
Refers to statements or facts acknowledged to be true by parties involved in a legal proceeding, which can be used as evidence in court.
Partnership
A legal form of business operation between two or more individuals who share management and profits.
Implied Authority
Authority of an agent that is not expressly granted but assumed to be provided due to the nature of the agent's work or position.
Apparent Authority
Refers to a situation where a third party correctly believes that an agent has the power to act on behalf of a principal, even if the agent does not have the actual authority.
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