See also principal In Commercial Law, a Principal is a person, fictitious or otherwise, who authorises an Agent to act to create one or more legal relationships with a Third Party. This branch of law is called Agency and relies on the common law proposition, qui facit per alium, facit per se: this is Latin for he or she who acts through another, acts personally and it is a parallel concept to vicarious liability and strict liability in which one person is held liable in Criminal Law or Tort for the acts or omissions of another.
See more at Wikipedia.org...
Free Download Now!
