Examlex
Differentiate.
Secret Profit
Earnings or benefits gained by an individual, typically in a position of trust, without the knowledge or approval of those entitled to know about such gains.
Agency Relationship
The legal arrangement where one party, the agent, acts on behalf of another, the principal, within the scope of authority granted by the principal.
Principal Had Dealt
A legal principle indicating acts or decisions made by an agent are legally binding on the principle if the agent acts within their authority.
Agent's Functioning
The actions carried out by an agent on behalf of a principal in the course of their agency relationship.
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