Examlex
Which of the following are responsibilities of the client?
Agency Problem
A conflict of interest arising between principals (such as shareholders) and agents (such as company executives) due to differing goals.
Conflict Of Interest
A conflict of interest arises when a person or entity has competing interests or loyalties that could potentially influence the objectivity of their decisions.
Principal
The original sum of money borrowed or invested, excluding any interest or dividend.
Agent
An individual or entity authorized to act on behalf of another in financial or legal matters.
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