Examlex
Manny needs help and Pedro is capable of giving it.In which of the following situations is Pedro most likely to help?
No Recourse
A clause in an agreement that limits the ability of a lender to seek additional compensation from a borrower beyond the collateral securing a loan if the borrower fails to repay.
Subagent
An agent of an agent, or a person who is appointed by an agent to perform tasks that the agent has undertaken to perform for the principal.
Gratuitous Agent
An agent who receives no compensation for his or her services.
Fiduciary Duty
An obligation to act in the best interest of another party, such as a trustee for a beneficiary.
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