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2. Principal (commercial law) - Wikipedia

   en.wikipedia.org/wiki/Principal_(commercial_law)

   In commercial law, a principal is a person, legal or natural, who authorizes 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 (from Latin: "he who acts through another, acts personally").

3. What is a Principal Owner of a Company? - AOL

   www.aol.com/news/principal-owner-company...

   When used to refer to an owner of a business, the term "principal" can be a designation for any of several positions and entail a range of key responsibilities. But the rubric under which all the ...

4. Law of agency - Wikipedia

   en.wikipedia.org/wiki/Law_of_agency

   A business owner often relies on an employee or another person to conduct a business. In the case of a corporation, since a corporation can only act through natural person agents, the principal is bound by the contract entered into by the agent, so long as the agent performs within the scope of the agency.

5. Beneficial ownership - Wikipedia

   en.wikipedia.org/wiki/Beneficial_ownership

   Beneficial owner is subject to a state's statutory laws regulating interest or title transfer. [2] This often relates where the legal title owner has implied trustee duties to the beneficial owner. [clarification needed] A common example of a beneficial owner is the real or true owner of funds held by a nominee bank.

6. Agency in English law - Wikipedia

   en.wikipedia.org/wiki/Agency_in_English_law

   Wills J held that "the principal is liable for all the acts of the agent which are within the authority usually confided to an agent of that character, notwithstanding limitations, as between the principal and the agent, put upon that authority." This decision is heavily criticised and doubted, [4] though not entirely overruled in the UK.

7. Principal–agent problem - Wikipedia

   en.wikipedia.org/wiki/Principal–agent_problem

   In principal–agent models, the agent often gets a strictly positive rent (i.e. their payoff is larger than their reservation utility, which they would get if no contract were written), which means that the principal faces agency costs. For example, in adverse selection models the agent gets an information rent, while in hidden action models ...