Examlex
A small group of marketers from different departments of an organization get together for lunch every Friday so they can discuss various topics.This is an example of
Duty Of Obedience
A legal or ethical obligation requiring individuals to follow the lawful orders and policies of an organization or authority.
Duty Of Loyalty
A legal obligation requiring individuals to act in the best interests of another party, typically in a fiduciary relationship.
Agency Relationship
A legal bond where one party, the agent, acts on behalf of another party, the principal, in a business transaction.
Irrevocable
Something that cannot be changed, reversed, or undone, typically referring to certain contracts, trusts, or agreements.
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