Examlex
The principal advantage of negotiable instruments is their legitimacy.
Commission
A fee paid to an agent or employee for transacting a sale, calculated as a percentage of the sale price.
Quota
A predetermined limit on the amount of goods that can be imported or produced within a set period.
Mentally Incapacitated
A condition in which a person is unable to make rational decisions or manage their own affairs due to mental deficits or illness.
Agency Relationships
A legal arrangement in which one party (the agent) agrees to act on behalf of another (the principal) in dealings with third parties.
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