Examlex
If a 4½-year-old child is asked to draw a person who is first standing upright and then has fallen down, the child is likely to draw the figure in the vertical position, and then the figure lying in the horizontal position with no other pictures in between to demonstrate the person falling.This child would be demonstrating a lack of
Agency Relationships
A legal relationship where one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.
Gratuitous Agent
An agent who acts on behalf of another without any compensation for their services.
Duty Of Loyalty
An obligation of fiduciaries to act in the best interest of the beneficiaries or the entities they serve, avoiding conflicts of interest.
Sales Agent
An individual or entity authorized to sell and market products or services on behalf of another party, known as the principal.
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