Examlex
What are what-if analysis, break-even analysis, and sensitivity analysis? Please include an example of a situation using each type of analysis (one example each).
Torts
A body of law focusing on civil wrongs that cause harm or loss, leading to legal liability and a requirement to pay damages.
Agent
A person or entity authorized to act on behalf of another, usually in a business or legal capacity, to create a legal relationship with a third party.
Agency Relationship
A legal arrangement where one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.
Undisclosed Principal
A person who is represented by an agent in a transaction but whose identity is not revealed to the third party involved in the transaction.
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