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Investments glossary

Implied Authority


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Quotes of the day:

Drugs are not always necessary, but belief in recovery always is.

— Norman Cousins

Implied authority refers to an agent with the jurisdiction to perform acts that are reasonably necessary to accomplish the purpose of an organization. Under contract law, implied authority figures have the ability to make a legally binding contract on behalf of another person or company.

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Express, Implied, & Apparent Authority: Definitions, Differences, Examples
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Jun 1, 2020
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