Examlex
Atrophy is defined as
Duty of Segregation
An obligation to keep different tasks and responsibilities separate to reduce conflicts of interest or the risk of fraud or error.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another when entrusted with care of money, property, or confidential information.
Actual Authority
The express and implied powers a principal intentionally grants to an agent, allowing them to act on the principal's behalf.
Duty of Loyalty
A legal obligation of individuals, such as directors of a company or trustees, to act in the best interests of the company or trust, over and above their own interests.
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