Examlex
In this chapter, EBP refers to:
Principal Liability
refers to the legal responsibility of a principal (an individual or entity) for the actions of their agents or representatives conducted within the scope of their agency or employment.
Principal/Employer-Agent/Employee Relationship
Refers to the legal bond between an employer who delegates tasks, and an employee who performs these tasks on the employer's behalf.
Negotiable Instrument
A written document signed by a person who makes an unconditional promise to pay a specific sum of money on demand or at a certain time to the holder of the instrument; an acceptable medium for exchanging value from one person to another.
Representative Capacity
Acting on behalf of someone else or a group in a legal or official matter.
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