The amount of authority designated by the principal to an agent is known as promised authority.

Name: The amount of authority designated by the principal to an agent is known as promised authority.
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The amount of authority designated by the principal to an agent is known as actual authority, not promised authority. Promised authority refers to the authority that the agent may have assumed or believed they would have, but which was not actually granted by the principal.

The Amount of Authority Designated by the Principal to an Agent