Examlex
_____ refers to the condition that in a perfect world, all citizens would have identical rights, protection, opportunities, obligations, and social benefits, regardless of their backgrounds and membership in diverse groups.
Duty of Performance
An agent’s obligation to perform the duties specified in the agency agreement and to do so with reasonable skill and care.
Principal
The amount of money originally invested or loaned, on which basis interest and returns are calculated.
Agent
A party who has the authority to act on behalf of and bind another party.
Third-Party Beneficiary
A person who is not directly involved in a contract but is entitled to benefits from its performance by the contracting parties.
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