Examlex
Which part of the instrument that determines the overall length of the instrument?
Tort Liability
Legal responsibility arising from a civil wrong or injury that does not involve a contract breach, leading to legal liability.
Principal
In finance, this term refers to the original sum of money invested or loaned, not including any interest or dividends. In law, it can also mean the main party to a transaction.
Agent
An individual or entity authorized to act on behalf of another person or entity, known as the principal, in transactions, negotiations, or other legal matters.
Joint And Several Liability
A legal term indicating that each party involved is individually responsible for the entire debt or obligation, as well as collectively with the other parties.
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