Examlex
Higher output wattage means higher quality to some consumers of audio amplifiers.Among Garvin's five quality types, this is an example of ______________.
Express or Implied Authority
Power granted by a principal to an agent, which can be explicitly stated (express) or inferred from actions, circumstances, or job title (implied).
Disclosed Principal
In the realm of agency law, a principal whose identity the third party is aware of when the agent enters into a contract with that third party.
Unauthorized Contract
An agreement made by someone who does not have the legal right or power to do so on behalf of another person or entity.
Agent Lacks Authority
A situation where an agent acts outside of their given powers, potentially making their actions unbinding on the principal.
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