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Simple English definitions for legal terms

universal agency

Read a random definition: magister

A quick definition of universal agency:

Universal agency is when one person (the agent) can act on behalf of another person (the principal) and make decisions that bind the principal. This can happen through a contract or by law. The agent can do things like sign contracts or make purchases for the principal. It's like having someone else do things for you, but they have the power to make important decisions for you too.

A more thorough explanation:

Universal agency is a type of agency relationship where one party, called the agent, can act on behalf of another party, called the principal, and bind them by their words or actions. This relationship can be created by an express or implied contract or by law.

For example, a real estate agent is a universal agent for their clients. They have the authority to act on behalf of their clients in buying or selling properties and can bind their clients to contracts and agreements.

Another example is a power of attorney, where a person grants someone else the authority to act on their behalf in legal and financial matters.

Universal agency is a powerful relationship that requires trust and responsibility from both parties. The agent must act in the best interest of the principal and follow their instructions, while the principal must trust the agent to make decisions on their behalf.

unity of seisin | universal agent

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18:46
do u have a dream school?
18:46
well i saw one is at fordham and one is at upenn and ik fordham isnt t14 but its better than temple and villanova
18:47
dream is duke
18:47
ooh interesting choice why Duke?
18:48
i got into fordham and so did the dumbass I was dating for like two months it’s not that hard
18:48
by which I mean if they let him in I don’t trust their standards
18:49
my dad went to duke law so i have been a fan forever
18:49
Duke is fun. I took a trip there when I was 19 or so. Really good time when I was a young rapscallion.
18:49
and ik i just dont think i gave myself enough time for a guaranteed 170+ performance
18:49
I didnt see if anyone answered my UGA question. Did anyone answer it?
18:53
@Dkkm11: are you not still a young rapscallion?
19:00
Nah, I am gray-bearded wizard.
19:02
Hmmm. I guess that’s okay.
19:03
Honestly, idk what I would call myself these days. Will probably not know until I can reflect on this part of my life which will be idk, in like 5 years when I am 32.
19:06
Does your life come in 5 year epochs typically?
19:06
Someone told me a while ago that I was probably molested as a kid because I don’t really have any clear memories of my childhood. But I don’t think I was.
1a2b3c4d26z
19:10
Inside thoughts!
19:10
this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
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