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principle to principle basis

English translation: principal to principal

14:09 Feb 7, 2011
English language (monolingual) [PRO]
Law/Patents - Law: Contract(s)
English term or phrase: principle to principle basis
It is expressly agreed that the basis of all transaction between XXX and YYY in pursuance of this Agreement shall be on principle to principle basis and no party is authorised to act as the agent of any other for any purpose whatsoever.
Maria Mandulova
Local time: 06:15
Selected answer:principal to principal
Explanation:
I think you're dealing with a poorly written source text. "principle" is a misspelling of principal

In an agency relationship, the principal is the person who gives authority to another, called an agent, to act on his or her behalf.
http://legal-dictionary.thefreedictionary.com/principal

Principal: Party that has the primary responsibility on a liability or obligation, as opposed to an endorser, guarantor, or surety.
http://www.businessdictionary.com/definition/principal.html
Selected response from:

Kim Metzger
Mexico
Local time: 21:15
Grading comment
Thank you!
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
3 +7principal to principal
Kim Metzger


Discussion entries: 1





  

Answers


17 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +7
principal to principal


Explanation:
I think you're dealing with a poorly written source text. "principle" is a misspelling of principal

In an agency relationship, the principal is the person who gives authority to another, called an agent, to act on his or her behalf.
http://legal-dictionary.thefreedictionary.com/principal

Principal: Party that has the primary responsibility on a liability or obligation, as opposed to an endorser, guarantor, or surety.
http://www.businessdictionary.com/definition/principal.html


Kim Metzger
Mexico
Local time: 21:15
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 72
Grading comment
Thank you!

Peer comments on this answer (and responses from the answerer)
agree  Tony M: Well, yes... I'd have thought so, seems an obvious error, doesn't it?
10 mins
  -> Not the only booboo: "the basis of all transaction"
agree  B D Finch
12 mins
agree  Jack Doughty
30 mins
agree  jccantrell: Well, I have seen poor lawyer stuff in JUST English, no translation involved.
1 hr
agree  Pham Huu Phuoc
18 hrs
agree  Stephanie Ezrol
1 day 9 hrs
agree  Phong Le
1 day 12 hrs
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