Examlex
Inherent in the concept of employee teams is that managers are in the best position to contribute to workplace improvements.
Unincorporated Business
A business structure without a separate legal entity from its owner, where the owner is personally responsible for the business's debts and obligations.
Specialized Equipment
Tools or machinery designed for a specific, often technical or industrial, purpose, necessitating particular skills for operation.
Known Principal
A principal whose identity is disclosed to the third party by the agent at the time of a particular transaction.
Agent Liability
The legal responsibility of an agent to act in the best interest of their principal, facing consequences for failure to comply.
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