Examlex
What percentage of businesses in the service sector are small?
Principal
In agency law, the individual or entity that authorizes an agent to act on their behalf in business transactions.
Agent
An individual or entity authorized to act on behalf of another person or entity in legal or business matters.
Defraud
The act of misleading or deceiving someone typically for financial or personal gain.
Scope of Authority
The extent of powers given to an individual or a body, determined by an agreement, law, or rules governing their actions.
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