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Monique routinely uses a shredder to shred her paper mail into confetti-sized pieces of paper.When packing her glassware to move into a new apartment,she runs out of protective Styrofoam packing material.Suddenly,Monique remembers about the shredded junk mail confetti which she could use as packing material.From the above scenario,it can be concluded that Monique has:
Partnership Agreement
A legal document that outlines the rights, responsibilities, and profit and loss distribution among partners in a business partnership.
Vicarious Liability
A legal principle under which a party can be held liable for the wrongful actions of another party, even if the first party did not commit the act themselves.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another when managing the other's money or property, often found in trustee-beneficiary relationships.
Duty Of Loyalty
An agent must subordinate his personal concerns by (1) avoiding conflicts of interest with the principal and (2) not disclosing confidential information received from the principal.
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