„Commission“

What does Commission stand for?

1. A board or committee officially appointed to perform certain functions or exercise certain jurisdiction of a public nature.

2. The amount paid by a principal to an agent for their role in the completion of a transaction involving the sale of goods or services.

3.The authority under which one acts, transacts business or negotiates for another.

Source:

Sullivan, E. Thomas. “The Law of Agency and Partnership.” West Group, 1996.

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