Multiple Choice
An agency always requires:
A) both an agent and principal who are adults
B) a written contract
C) consideration on the part of both the principal and the agent
D) an identified underlying transaction
E) intent by both the principal and agent to be in the arrangement
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q53: A corporation must conduct all of its
Q54: A principal gives an agent express authority
Q55: The principal has the duty to cooperate
Q56: When an agent terminates an agency arrangement,the
Q57: A person who is not an employee
Q59: Susan Marie works as a receptionist for
Q60: A principal and agent enter into an
Q61: Someone authorized to act on behalf of
Q62: Jeff hires Frank to work for his
Q63: Where the principal makes representations to a