Express, Implied, & Apparent Authority: Definitions, Differences, Examples
11:28
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Express, Implied, & Apparent Authority: Definitions, Differences, Examples
Types of authority are important facets of agent-principal relations. This sort of relationship -- termed "agency" -- is a common feature of the insurance industry (e.g., when insurance companies appoint salespersons), law (e.g., with power-of-attorney agreements), the real-estate profession (e.g., when buyers and sellers depend upon ...
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