Examlex
The value proposition is stated in the price of a product and readily recognized by the average consumer.
Fair Market Value
The price at which property would sell under usual market conditions, reflecting its value when both buyer and seller are reasonably knowledgeable and willing.
Self-dealing
Conduct by a fiduciary or a person in a position of trust that involves taking advantage of their position for personal gain at the expense of those to whom they owe a duty.
Agent
An individual or entity authorized to act on behalf of another person or entity, known as the principal, in transactions or legal matters.
Fiduciary Duty
The legal obligation of one party to act in the best interest of another party, such as the responsibility of a trustee to safeguard the interests of the beneficiaries.
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