According to the Restatement,whether an Agency Relationship Has Been Created

question 3

True/False

According to the Restatement,whether an agency relationship has been created is determined by using a subjective test.

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Definitions:

Economic Duress

A situation where one party is forced into a contract or agreement under the pressure of financial hardships, often exploiting that party’s vulnerable position.

Business Compulsion

A scenario where a business is forced to make a decision or take an action due to external pressures or unavoidable circumstances.

Fraud

Involves intentionally deceiving someone for personal gain or to damage another individual.

Undue Influence

An improper use of power or manipulation by one person over another, leading to an unfair advantage or agreement.