Created by: tahira rafiq
Number of Blossarys: 5
Actual authority refers to the specific instructions, rights, and parameters granted to the agent from the principal.
The authority specifically conferred on the agent by the principal, either orally or in writing.
A legal theory that imposes legal liability on an employer for the actions of the employee.
A lawsuit brought by shareholders in the name of and on behalf of the corporation is called derivative suit.
The contract that sets out the duties, responsibilities, and benefits of the persons who have agreed to enter into a partnership.