Examlex
In an emergency situation, Lori renders aid to Mike, who needs help. Mike would most likely be prohibited from suing Lori for negligence under
Actual Authority
The specific powers that a principal has expressly given to an agent to make decisions on their behalf.
Agency Relationship
A legal and fiduciary relationship between two parties, where one person (the agent) is authorized to perform acts or make decisions on behalf of another (the principal).
Commissions
Fees paid to agents or salespeople for facilitating transactions or sales.
Constructive Trust
A legal remedy imposed by a court to rectify unjust enrichment or wrongful conduct, requiring the holder of property to transfer it to the rightful owner.
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