Examlex
Which of the following is NOT a major duty, which the agent owes to the principal?
Competent
Having the necessary ability, knowledge, or skill to perform a task effectively or to make legally binding decisions.
Adequate Market
An economic concept where there is a sufficient number of buyers and sellers for a particular product or service.
Common Law
A legal system based on precedent and judicial decisions, rather than written laws or statutes, primarily in the UK and former British colonies.
Objectively Inferred
Conclusions or deductions made based on objective facts or evidence, without influence from personal feelings or perspectives.
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