Which term is synonymous with Actual Authority?

Actual Authority refers to the powers explicitly granted to an agent by the principal, allowing the agent to act on behalf of the principal in specified matters. This is known as Express Authority because it is clearly defined and articulated, usually in written or verbal form, delineating what the agent is permitted to do. For example, if a principal assigns an agent to sell a property and provides them with all the necessary documents and permissions, that agent is acting under express authority.

In contrast, Implied Authority refers to the authority that is not explicitly stated but is necessary for the agent to fulfill their duties. Government Authority generally applies to the powers held by state officials and does not pertain specifically to the relationship between a principal and an agent. Formal Authority could describe a generally accepted practice or requirement but does not specifically capture the relationship in terms of authority that is "actual." Hence, Express Authority aligns directly with the meaning of Actual Authority, making it the correct term in this context.