Answer:
Express Authority
Step-by-step explanation:
Express authority is when the principal's words or conduct rationally cause the agent to believe that he or she has been empowered to act. An agent receives expressl authority in writing. In a corporation, written express authority includes bylaws and resolutions from directors' meetings which grant the authorized person permission to carry out a specific act on behalf of the corporation. An agent, operating under express authority, enters into a contract with a third party, this is first binding and the contract will create contractual rights and liabilities between the principal and the third party.