Examlex
Explain the meaning of the notation
Reasonable Skill
The level of competence that one can expect from a person with the standard abilities and knowledge in a particular field.
Breach of Contract
Occurs when one party fails to fulfill their obligations under a contract without a lawful excuse.
Agency Contract
A legal agreement where one party, the agent, agrees to act on behalf of another, the principal, in business dealings.
Duty of Obedience
The requirement for directors and officers of an organization to act in accordance with its governing documents and decisions made by its governing body.
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