Name and Define the Three Paths by Which Relationships End

question 2

Essay

Name and define the three paths by which relationships end.

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Definitions:

Income Bond

A bond that pays interest to its holders only if the issuing company has earned enough profits to cover the interest payments.

Business Law

The body of law that governs business and commercial transactions, including contracts, property, and liability.

Undisclosed Principal

A principal whose identity is not revealed by the agent to the third party during a transaction, creating legal implications concerning the agent's liability.

Disclosed Principal

A principal whose identity is made known by the agent to a third party at the time of entering into a contract, which directly affects the liability and obligations under the contract.