Examlex
The firm may not be able to pass through changes in the exchange rate
Unauthorized Acts
Actions taken by an individual or entity without legal or official approval, which may be illegal or against regulatory standards.
Undisclosed Principal
In agency law, a principal whom a third party lacks knowledge or the reason to know the principal’s existence and identity.
Unidentified Principal
In agency law, a principal whom a third party knows or has reason to know exists but who lacks knowledge or reason to know the principal’s identity.
Legally Non-Existent
Refers to an entity or agreement that has no recognition or validity under the law.
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Q76: Consider the situation of firm A
Q86: When cross-hedging,<br>A)try to find one asset that