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Stan has been in prison for almost a year.When he first arrived he had trouble sleeping and was very fearful.As the year progressed, he developed a "tough guy"
Veneer and now has a general understanding of the culture of the prison.According
To Clemmer (1958) , Stan has undergone
Fiduciary Duty
A legal obligation of one party to act in the best interest of another when entrusted with care of money or property.
Apparent Authority
A situation where a person appears to have been given the power to act on behalf of another, leading third parties to reasonably believe in that authority.
Actual Authority
Legal power that an agent has been deliberately given by a principal to act on their behalf in business dealings.
Limited Liability Partnerships (LLPs)
A form of partnership in which some or all partners have limited liabilities, protecting personal assets from business debts and liabilities.
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