Examlex
An adult can sue a minor in tort to get around the minor's contractual incapacity.
Loyalty
The duty of an agent or employee to act in the best interests of their principal or employer, avoiding any conflicts of interest.
Illegal Purpose
Refers to the intention of engaging in activities that violate laws or regulations.
Agency Relationship
A legal arrangement in which one party, the agent, is authorized to act on behalf of another, the principal, in conducting business transactions.
Oral Agreement
A verbal contract between parties that is legally binding in certain contexts, though more difficult to prove than written ones.
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