Examlex
The effectiveness of barriers to entry depends upon:
Third Restatement
Refers to the updated summaries of common law in the United States, specifically referring to restatements on various legal subjects by the American Law Institute.
Actual Authority
The explicit power granted by a principal to an agent to act on their behalf.
Gratuitous Agent
An individual who acts on behalf of another without receiving any compensation or benefit, motivated by voluntary intent or relationship.
Duty of Loyalty
An obligation of an individual, such as a director of a company, to act in the best interests of the company or another person, without personal conflict.
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