Full disclosure Choose... Implied authority Express authority Joint venture when the authority of the agent as implied from surrounding circumstances, such as the position or title given [by the principal] to the agent Choose... the collaboration of several businesses to accomplish a major project. a corporation that owns shares in other corporations. the obligation to reveal all details of a transaction. the authority of the agent as actually stated by the principal. when the authority of the agent as implied from surrounding circumstances, such as the position or title given [by the principal] to the agent. Holding corporation