Do Yoon authorizes Joon Woo to sell his house, but does not state the amount of compensation payable to Joon Woo. What amount should be paid to Joon Woo after selling Do Yoon's house?
- Nothing, since agency relationships are assumed to be gratuitous unless an agreement specifies compensation
- An amount to be determined by arbitration
- A fair value for the services performed
- Ten percent of the sales price
