Examlex
What did Clinton mean by the term New Democrat? Why were conservatives still so opposed to his presidency?
Agency Relationship
A legal relationship wherein one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.
Consideration
In contract law, consideration refers to something of value that is exchanged between parties as part of an agreement, making the contract legally binding.
Apparent Authority
A situation where a person appears to have been given the power by a business to act on its behalf, even if no formal authority has been granted.
Manifest Consent
Clearly and unmistakably expressed agreement or approval to an action or proposal.
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