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Operation Of Law
The automatic application of law to certain actions and circumstances without the need for an agreement or court action.
Agency Relationship
An agency relationship is a legal arrangement in which one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.
Power Given As Security
Refers to a legal arrangement where authority or control over assets is given to someone as a form of security for a debt or obligation.
Agency Relationship
A legal relationship established when one party (the agent) is authorized to act on behalf of another (the principal) in business transactions.
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