________ Asks for Small Donations from a Large Number of People

question 116

Short Answer

________ asks for small donations from a large number of people to fund a business or project.

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Definitions:

Unidentified Principal

A scenario in contract law where the identity of the principal is unknown to the third party at the time of agreement.

Actual Authority

The express or implied legal power given to an agent by a principal to undertake specific actions on the principal's behalf.

Uniform Durable Power

A legal document that grants another individual the authority to manage one’s financial and legal affairs even if the grantor becomes incapacitated.

Third Restatement

Refers to updates or revisions of fundamental legal principles in areas such as Torts, Contracts, Agency, Trusts, and Foreign Relations, established by the American Law Institute.