Examlex
The sale of a used auto probably is exempt from sales/use tax under the _________________________ rule.
Gratuitous Agent
An agent who acts on behalf of another person (the principal) without expecting or receiving any form of compensation.
Consideration
Something of value exchanged between parties in a contract, making the agreement legally binding.
Agency Relationship
A legal relationship in which one party, the agent, acts on behalf of another, the principal, in dealings with third parties.
Tort Liability
Legal responsibility for damages caused by a civil wrong or injury other than breach of contract.
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