Examlex
State and explain the definition of death proposed by a presidential commission in 1981 and subsequently codified in the Uniform Determination of Death Act (UDDA).
Implied Authority
This refers to the power of an agent to perform acts which are reasonably necessary to accomplish the purpose of an organization’s agency agreement, even if not explicitly granted.
Duty of Accounting
The obligation of a party (usually a fiduciary) to keep accurate records and report financial activity to relevant stakeholders or authorities.
Agent Owe
The duty or obligation an agent has to act in the best interest of the principal, including loyalty, care, and full disclosure.
Principal
In finance, the principal is the initial amount of a loan or the amount of an investment excluding any interest or profit earned.
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