Examlex
The difference between an oligopoly and monopolistic competition is in the number of companies operating in the industry.
Statement of Partnership Authority
A document that delineates the extent of a partner's ability to make decisions and bind the partnership in contractual agreements.
Real Property
Land and anything permanently attached to it, such as buildings and structures.
Respondeat Superior
A legal doctrine holding an employer or principal legally responsible for the wrongful acts of an employee or agent, when such acts occur within the scope of employment or agency.
Commits a Tort
Engaging in an act that causes harm or injury to another person, leading to legal liability under civil law.
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