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Chris, Aaron, and Kyle own 20 acres of farmland as tenants in common. They would like to have the property divided into separate ownerships. They have agreed upon how the property should be divided. Can they do this? What is the process called, and what is the easiest way to accomplish the division?
Agency Relationship
A legal and consensual arrangement where one party, the agent, acts on behalf of another, the principal, in dealings with third parties.
Intent
The purpose or mindset with which an individual acts, significant in both criminal and civil law to determine culpability or liability.
Principal
In agency law, a person who agrees to have another, called the agent, act on his or her behalf.
Agency Relationship
A legal and fiduciary relationship between two parties, where one (the agent) is authorized to act on behalf of the other (the principal) in business dealings.
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