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.
3 Agency is the fiduciary relationship that arises when one person (a principal) manifests assent to another person (an. agent) that the agent shall act on the principal's behalf and subject to the principal's control, and the agent manifests. assent or otherwise consents so to act.