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Nemo agens in causa sua: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{a|contract|}}A Latinism I made up in December 2022, based on the more famous ''nemo iudex in causa sua'': “one cannot be one’s own agent”. The bleeding obvious, yo...") |
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{{a|contract|}}A Latinism I made up in December 2022, based on the more famous ''[[nemo iudex in causa sua]]'': “one cannot be one’s own agent”. The bleeding obvious, you would think, but you would be surprised how resourceful structurers hit upon interposing a ghostlike agency arrangement between to desks or divisions of the same legal entity to get around some accouting or regulatory inconvenience. | {{a|contract|}}A Latinism I made up in December 2022, based on the more famous ''[[nemo iudex in causa sua]]'': “one cannot be one’s own agent”. The bleeding obvious, you would think, but you would be surprised how resourceful structurers hit upon interposing a ghostlike agency arrangement between to desks or divisions of the same legal entity to get around some accouting or regulatory inconvenience. | ||
An agent which represents itself has got a special name in legal parlance: a | An agent which represents itself has got a special name in legal parlance: a “[[principal]]”. | ||
{{sa}} | {{sa}} | ||
*[[Agency]] | *[[Agency]] | ||
*[[Principal]] | *[[Principal]] | ||