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Two random variables are independently distributed if their joint distribution is the product of their marginal distributions. It is intuitively easier to understand that two random variables are independently distributed if all conditional distributions of Y given X are equal. Derive one of the two conditions from the other.
Apparent Authority
A situation where a reasonable third party would understand that an agent had authority to act, even if the agent did not have actual authority.
Tort
An act of wrongdoing or violation of a right that results in civil legal consequences.
Independent Contractor
An individual or business that provides goods or services to another entity under terms specified in a contract, not considered an employee for tax and legal purposes.
Liability
A financial obligation or responsibility, often legal in nature, that an entity or individual has to another.
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