Examlex
Determine the value of .
Contract
A legally binding agreement between two or more parties that is enforceable by law.
Tort
A violation of another person’s rights or a civil wrongdoing that does not arise out of a contract or statute; primary types are intentional, negligent, and strict-liability torts.
Agent Liability
Refers to the legal responsibility of an agent to their principal, including obligations and potential for repercussions if the agent acts outside their authority or against the interests of the principal.
Principal
In law, the person who authorizes an agent to act on their behalf; in finance, the original amount of money invested or loaned.
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