Examlex
Historically,realignments occur:
Principal
A person or entity who authorizes another (the agent) to act on their behalf, often in a legal or business context.
Liable
Being legally responsible for something, typically a debt or a legal obligation.
Constructive Notice
Notice of agency termination that is usually given by publishing an announcement in a newspaper.
Agency Relationship
An agency relationship exists when one party, the agent, is authorized to act on behalf of another, the principal, in business transactions with third parties.
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