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LAW CH. 27 TERMS
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Agency coupled with an interest
(bk) agency in which agent has financial stake in performance of agency because of having given consideration to principal
Durable power of attorney
(bk) appointment of agency that survives incapacity of principal
Dissolution
(bk) termination of corporation's operation except activities needed for liquidation
of the corporation
Fiduciary relationship
(sg) relationship that exists between a principal and agent
Routine instruction
(sg) principal's order regarding a matter that does not involve an agent's judgment
Indemnification
(sg) principal's duty to pay an agent for losses suffered by the agent in carrying out the agency
Discretionary instruction
(sg) principal's order regarding a matter that requires an agent to exercise the agent's best judgement
Accounting
(sg) Agent's duty to keep a record of the money and property of a principal
Renunciation
unilateral act of holder giving up rights in the instrument or against a party to it
Author
lecaly
ID
112286
Card Set
LAW CH. 27 TERMS
Description
LAW CH. 27 TERMS
Updated
2011-11-24T19:08:54Z
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