Explain implied authority and define agency

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Reference no: EM133245789

Question 1. Define 'Agency".

Question 2. What is actual authority?

Question 3. Explain 'implied authority".

Question 4. How can a principal be liable for an agent's actions which the principal did not expressly or impliedly authorize? When will a principal not be liable for an agent's actions?

Reference no: EM133245789

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