Examlex
Banks help to overcome the problem of asymmetric information by
Consideration
The bargained-for exchange; what each party gets in exchange for his or her promise under a contract.
Authority
The power or right to make decisions, give orders, and enforce obedience.
Principal
The main party to a transaction, such as the owner of a business, or the amount of money loaned or invested, excluding interest or profits.
Power of Attorney
A legal document authorizing one person to act on another's behalf in legal or financial matters.
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