An agency relationship where the authority to represent is imputed to the Agent as a result of an emergency situation to protect the interests of the Principal. …
Agency By Ratification
Agency by ratification refers to a situation in which a principal, typically a property owner or a party in a real estate transaction, explicitly or implicitly approves and accepts the actions of an …
Actual Cash Value
An insurance term, the value of a building calculated by subtracting the decrease in value caused by age and wear and tear from the cost of replacing the building entirely. …
Actual Damages
An award of the court to compensate an injured party for losses incurred as a result of the actions or omissions of another party. …
Actual Eviciton
Wrongful removal of a tenant from possession of a premises, usually by a landlord, contrary to the terms of the lease. …
Actual Possession
As opposed to constructive possession. When the owner of a property occupies the property on a day-to-day basis. Constructive possession is when the owner takes actions to establish and maintain his …