Examlex
In the context of a transcendent education, ________ refers to learning how to give as well as take, to others in the present as well as to future generations.
Mental Capacity
An individual's cognitive ability to understand, make, and communicate informed decisions regarding personal or legal matters.
Duty of Loyalty
A legal and ethical obligation requiring individuals, particularly directors and officers of a corporation, to act in the best interests of the corporation and its shareholders.
Nature of Agency
Refers to the relationship established when one party, the agent, is authorized to act on behalf of another, the principal, in dealing with third parties.
Agency Coupled
A legal arrangement where an agent has an irrevocable authority primarily for the agent's benefit, based on an interest in the subject matter of the agency.
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