Examlex
Unless two people who are producing two goods have exactly the same opportunity costs, then one person will have a comparative advantage in one good, and the other person will have a comparative advantage in the other good.
Principals
In legal and business contexts, refers to the primary parties involved in a transaction or agreement.
Breaching
The act of violating a law, duty, agreement, or expectation.
Agent By Estoppel
A concept in law where a person is prevented (estopped) from denying the agency relationship due to their actions or representations.
Agent By Conduct
An individual or entity that acts on behalf of another party in a way that suggests they have the authority to do so, even if no formal agency relationship exists.
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