Examlex
Which of the following statements concerning the field of psychology is correct?
Principal
The original sum of money borrowed in a loan, or the amount of the investment, excluding any interest or profit.
Torts
A body of law focusing on civil wrongs that cause harm or loss, leading to legal liability and a requirement to pay damages.
Agent
A person or entity authorized to act on behalf of another, usually in a business or legal capacity, to create a legal relationship with a third party.
Agency Relationship
A legal arrangement where one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.
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