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LSDefine
Simple English definitions for legal terms
superior agent
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A quick definition of superior agent:
A superior agent is a person who has a lot of power in a company and can make important decisions. They are authorized to act on behalf of the company and can represent the company in important matters. They are different from regular employees because they have more responsibility and can make bigger decisions.A more thorough explanation:
Definition: A high-managerial agent of a corporation or business who has the authority to formulate corporate policy or supervise employees.
Example: The CEO of a company is a superior agent because they have the power to make important decisions and direct the actions of other employees.
Explanation: A superior agent is a type of agent who holds a high position in a company or business. They have the authority to make important decisions and direct the actions of other employees. The CEO of a company is an example of a superior agent because they are responsible for formulating corporate policy and supervising other employees. This type of agent is different from other types of agents, such as an independent agent, who exercises personal judgment and is subject to the principal only for the results of the work performed.