Examlex
Which of the states below has the oldest average population?
Principal
In a contractual or fiduciary relationship, the principal is the party who authorizes an agent to act on their behalf.
Authority
The power or right to give orders, make decisions, and enforce obedience.
Agency Relationship
A connection between two parties where one, the agent, is authorized to act on behalf of the other, the principal, in dealings with third parties.
Rescission
The termination of a contract.
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