Obligation Not to Usurp When an agent acts on behalf of a principal, the agent may get information it would be in the position to personally capitalize on for personal gain. For instance, an agent might obtain information and facts associated with a possible investment chance.
During the context of classical antiquity, king may perhaps translate in Latin as rex As well as in Greek as archon or basileus.
Assess common agent On this entry — transfer agent : an officer, bank, or belief corporation that acts on behalf of a publicly held corporation in managing the transfer of inventory and various securities and keeping documents with the entrepreneurs — common agent : an agent acting beneath a general agency b : a consultant (as of an organization or nonresident administrator of an estate) selected to simply accept support of system on behalf of the represented bash normally as required by statute c : an individual or organization that finds potential buyers or tenants for real-estate owners generally to get a commission d : an independent income or provider agent of the insurance company
A registered agent is an individual that is licensed to just accept authorized documents on behalf of a restricted legal responsibility business (LLC).
government agent - a consultant or Formal of the federal government or administrative Division of the govt
a : a male monarch of An important territorial device In particular : one whose posture is hereditary and who rules for all times b : a paramount Main
a one that is paid out to purchase or provide items or give a service for a corporation, but that's not a daily employee:
Principal: Definition in Loans, Bonds, Investments, and Transactions Principal is revenue which is lent to a borrower or positioned into an financial investment. It may also consult with A non-public organization’s proprietor or the Main participant inside a offer.
When performing on behalf of An additional, an agent must assure they do not unjustly benefit from their agency placement. This consists of acquiring massive Gains from the connection or taking advantage of their situation to make certain they get Advantages that get more info could not normally as part of a standard transaction.
compound - a certain variety or species of subject with uniform Homes; "shigella is The most toxic substances known to person"
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4. (= catalyst) she has portrayed herself as an agent of change → se ha descrito a sí misma como agente or propulsora or motor del cambio
Even though the extent of care is probably not explicitly defined, the level of care ought to be equivalent to what is reasonably predicted by local expectations.
Duty of Obedience An agent should adjust to realistic instruction. While there may be situations exactly where acting on a person's behalf and next their guidance isn't realistic or authorized, the agent could have recourse to not adhere to instruction.
This can be the results of exceeding the authority they have been offered, acting in misconduct, becoming unreasonably negligent, or almost every other problem exactly where the principal could incur a reduction that could have potentially been prevented.