Brownsville. Brownsville (cob.us) is one of the most southern cities in Texas, just north of the Mexican border. The city acts as the gateway to Padre Island, a national park, and to the Gulf of Mexico.
In business, a principal is a person with primary authority and responsibility to make decisions. The principal is often an owner, operator, partner or high-ranking manager.rincipal-Agent Examples. In a real estate office, a broker is a principal, and other agents act on his behalf in the office. If an agent acts illegally, the office and principal broker face potential liability.
The principal is simply the person -- or group of people -- who authorizes an agent to act on his behalf. The principal is who gives the agent his authority to act and to make decisions. The principal does not typically make day-to-day decisions himself, but is legally the owner of the business and can give direction to the agent acting on his behalf.