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A _____ Group Is a Group in Which All Members

question 39

Multiple Choice

A _____ group is a group in which all members but one have the same background, such as a group of Japanese retailers and a British attorney.


Definitions:

Third-Party Beneficiary

A person who is not directly involved in a contract but is entitled to benefits from its performance by the contracting parties.

Gratuitous Agent

An agent who acts without being paid for his or her services.

Consideration

The bargained-for exchange; what each party gets in exchange for his or her promise under a contract.

Authority

The power or right to make decisions, give orders, and enforce obedience.

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