Which of the Following Is True Regarding Agency Contracts

Multiple Choice

Which of the following is true regarding agency contracts?

A) Agency contracts must clearly define the agent's compensation.
B) A contract is not required to create an agency but if a contract exists,it must meet all requirements prescribed by contract law.
C) A contract is required to create a valid agency
D) An agency contract only needs to be signed by the principal.
E) An agency contract cannot create an agency agreement longer than two years.