ALMAND, Justice.
1. (a) Where one expressly authorizes another to act for him in a particular transaction, the relation of principal and agent arises. Code, § 4-101. "The word `agency,' both in law and as used in every-day affairs, may have various meanings. It may refer, and perhaps most often does, to that relation `created by express or implied contract or by law, whereby one party delegates the transaction of some lawful business with more or less discretionary...
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