Principal defined as the primary party who authorizes an agent and whose authority grounds the agent's actions. The term Principal denotes the primary party who authorizes another to act on their behalf; in agency contexts, the principal is the person for whom an ... Summary
Principal defined as the primary party who authorizes an agent and whose authority grounds the agent's actions.
The term Principal denotes the primary party who authorizes another to act on their behalf; in agency contexts, the principal is the person for whom an act is done and who employs and instructs an agent, with the principal's authority constituting the source of the agent's power and responsibility.
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