Examlex
The slope of the budget line equals the price ratio of the two goods.
Federal Statute
A law enacted by the legislative branch of the federal government of the United States.
Agency Relationships
A legal relationship where one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.
Gratuitous Agent
An agent who acts on behalf of another without any compensation for their services.
Duty Of Loyalty
An obligation of fiduciaries to act in the best interest of the beneficiaries or the entities they serve, avoiding conflicts of interest.
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