Examlex
________ is defined as a disagreement or tension between two or more parties.
Fiduciary
A person or entity entrusted to manage assets or interests of another with a duty to act in their best interest.
Trust
A fiduciary relationship in which one party holds legal title to property for the benefit of another.
Express Authority
The power granted to an agent or entity explicitly and clearly by the principal or by law.
Actual Authority
The power granted to an agent by a principal to legally bind the principal in transactions with third parties.
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