Examlex
What is a limitation of the automated trading system?
Authorized Act
An action taken by an individual or entity that is legally permitted under the law or by a governing body.
Principal
In a legal context, the main party who authorizes another (the agent) to act on their behalf in transactions or other legal matters.
Agent
An individual or entity authorized to act on behalf of another (the principal) in dealings with third parties.
Contract Remedies
Legal solutions provided in case of a breach of contract, including compensation, specific performance, and rescission, designed to address or correct the breach.
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