A | B |
Actual Authority | The express and implied powers of an agent |
Partially disclosed agent | Agent that is given the authority to work with a third party but forbidden to reveal the identity of the principal |
Special Agent | Agent that is given the authority to perform specific tasks |
Third Party | The person or company whom the agent deals with on behalf of the principal |
General Agent | Agent that is given the authority to perform a variety of tasks |
Coagents | Two or more agents working together |
Principal | Individual who gives authority to the agent |
Agents Agent | An agent appointed by another agent without the knowledge or consent of the principal |
Gratuitous agent | Agent that works for free |
Subagent | An agent appointed by another agent with the knowledge and consent of the principal |
Apparent Authority | The powers of the agent are created by law or circumstance |