Examlex
Instructions: Identify the following terms.
sternpost rudder, compass, and astrolabe
Ratification
The act of giving formal consent or approval to something, making it officially valid, typically in the context of contracts or agreements.
Agency Relationship
A legal and consensual arrangement where one party, the agent, acts on behalf of another, the principal, in dealings with third parties.
Intent
The purpose or mindset with which an individual acts, significant in both criminal and civil law to determine culpability or liability.
Principal
In agency law, a person who agrees to have another, called the agent, act on his or her behalf.
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