Multiple Choice
Which of the following statements is true of contracts of agency?
A) The legal requirements to be an agent are always the same in all states.
B) Corporations cannot act as agents in contracts of agency.
C) Every agent must possess a valid license that authorizes him to act as one.
D) All people legally competent to act for themselves may act through an agent.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Which of the following is true when
Q9: Limitations upon an agent's authority can bind
Q11: Which of the following is true in
Q12: A contract of agency usually involves at
Q13: Agency by estoppel arises when:<br>A) a person,
Q14: A general agent may transact business that
Q15: The principal in a contract of agency
Q17: Which of the following statements best defines
Q19: A special agent is one who is
Q19: A contract appointing an agent must be