It is the duty of an agent to disclose to the principal every step taken in the transaction of the principal's business because the agent is a fiduciary.
A business is an activity that makes a living or makes money by manufacturing or buying and selling products. It is also a “commercial activity or enterprise”.
Company means an organization or company engaged in commercial, industrial, or professional activity. A company can be either a commercial entity or a non-profit entity. Legal forms range from limited liability companies to sole proprietors, corporations and partnerships.
The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example of a transaction is the sale of a home.
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