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Agency Relationship
A legal arrangement where one party, the agent, is authorized to act on behalf of another, the principal, in business transactions.
Principal
A person or entity who authorizes an agent to act on their behalf in dealings with third parties.
Constructive Trust
A legal remedy imposed by a court to address unjust enrichment or fraud, requiring the person holding the assets to transfer them to the intended party.
Lakeside Property
Real estate located adjacent to or near a lake, often highly valued for its view, recreational opportunities, and environmental quality.
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