Legl 2700 test 4 roessing (ch.14, 17, 20) Questions with Answers | 100% pass

actual authority - Correct ️️ The authority a principal expressly or implicitly gives to an agent in an agency relationship. This authority may be written, spoken, or derived from the circumstances of the relationship. agent - Correct ️️ the person who on behalf of a principal deals with a third party alien corporation - Correct ️️ a corporation created under the authority of a foreign country alter-ego theory - Correct ️️ one method used by courts to pierce the corporate veil when a shareholder fails to treat the corporate organization as a separate legal entity apparent authority - Correct ️️ the authority that a third party in an agency relationship perceives to exist between the principal and the agent. in fact, no actual authority does exist. sometimes also called "ostensible authority" articles of incorporation - Correct ️️ the legal document that forms the application for a state charter of incorporation articles of organization