Examlex
In its earliest days of operation,who utilized the GDS to book hotel rooms?
Ratification
The act of formally approving an agreement or treaty, making it officially valid.
Principal
The party that an agent’s authority can bind or act on behalf of.
Agency
The fiduciary relationship that arises when one person consents to have another act on his behalf and subject to his control and the other consents to do so.
Power of Attorney
A legal document that grants one individual (the agent) the authority to act on behalf of another (the principal) in legal or financial matters.
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