Examlex
The number and types of accounts used by different business enterprises are the same if generally accepted accounting principles are being followed by the enterprises.
Negligent Performance
An inadequate or unsatisfactory execution of tasks or duties resulting from a failure to exercise the appropriate care or skill.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another, often applicable in trustee-beneficiary and advisor-client relationships.
Breach
An act of breaking or failing to observe a law, agreement, or code of conduct.
Principal's Termination
The end of an agency relationship by the decision of the principal, who is the individual or entity that has empowered another to act on their behalf.
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