Examlex
If a person permits a neighbor to borrow a wheelbarrow free of charge,a bailment for the benefit of the bailee has been created.
Actual Authority
The express or implied legal power granted by a principal to an agent to carry out specific tasks on the principal's behalf.
Real Estate Broker
A licensed individual or firm that acts as an intermediary between sellers and buyers of real estate.
Contract Sale
An agreement between a buyer and a seller where the payment for goods or services is extended over a period, often related to real estate transactions.
Unidentified Principal
A party in a transaction whose identity is not disclosed or known to the other parties involved.
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