Examlex

Solved

In Which of the Following Does Minority Domination Tend to Be

question 142

Multiple Choice

In which of the following does minority domination tend to be a particular problem?


Definitions:

Agency Relationship

A legal and fiduciary relationship between two parties, where one, the agent, is authorized to act on behalf of the other, the principal, in business transactions.

Liability

A legal obligation or responsibility to settle a debt or make good on a promise or contract.

Third Parties

Individuals or entities that are not directly involved in a legal agreement or transaction but may be affected by it.

Actual Notice

Notice of agency termination that is given by directly informing third parties, either orally or in writing.

Related Questions