Ballast takes many forms. The simplest form of ballast used in small day sailers is so-called live ballast, or the weight of the crew. By sitting on the windward side of the hull, the heeling moment must lift the weight of the crew.
The Principal-Agent Relationship. A principal-agent relationship is an arrangement between two or more individuals. Specifically, the agent of the relationship performs a task on behalf of the principal. This is often due to different degrees of knowledge and skills.
The agentâs authority to represent the principal constitutes the essence of commercial agency which may be formed in a number of ways. The principal may authorise the agent by express or implied appointment. Generally, the acts of an âagentâ without actual authority cannot bind the principal.