Examlex
Article I of the U.S. Constitution grants that Congress has the power to make laws that are "necessary and proper" to carry out its duties. What is the meaning of this statement?
Secret Profit
Financial gain obtained secretly and unethically as a result of one's position or through the exploitation of confidential information.
Conflict of Interest
A situation where an individual's personal interests could improperly influence the performance of their duties or decision-making.
Dual Agency
A real estate transaction scenario in which a single agent or broker represents both the buyer and the seller, creating potential conflicts of interest.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another when managing another person’s assets, involving a relationship of trust and confidence.
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