Examlex
Inflationary conditions that emerge because of specific resource shortages or scarcities are called ________ inflations.
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.
Liable
Refers to being legally responsible to compensate or rectify a damage, loss, or breach of contract.
Lost Profits
Financial losses experienced due to another party's wrongful act or breach of contract, reflecting income that would have been earned had the wrong or breach not occurred.
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