Following the Dissolution of the Soviet Union, Russian President Boris

question 48

Short Answer

Following the dissolution of the Soviet Union, Russian President Boris Yeltsin established _________________, a loose grouping of 12 of the 15 newly independent countries.

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Definitions:

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.

Exclusive Agency

An agency in which a principal grants an agent an exclusive territory and does not allow another agent to compete in that territory.