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