Examlex
A car goes around a circular curve on a horizontal road at constant speed.What is the direction of the friction force exerted on the car by the road?
Exclusive Territory
A designated geographic area where a specific party has the exclusive right to operate, sell, or perform services.
Manager-managed LLC
A form of Limited Liability Company (LLC) where management responsibilities are assigned to designated managers rather than all members.
Fiduciary Duties
Obligations that one party has to act in the best interest of another when managing assets or making decisions, typical in trustee-beneficiary, agent-principal, or director-shareholder relationships.
Apparent Authority
A form of authority that a third party perceives an agent has, based on the principal's behavior, leading the third party to conclude that the agent is authorized to act.
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