Which of the Following Is False Regarding the Agency Relationship

Multiple Choice

Which of the following is false regarding the agency relationship?

A) It is a consensual relationship.
B) It may be formed by formal written contracts.
C) It may usually be formed by informal oral agreements.
D) It exists when the principal takes action to ask another individual to act on behalf of the principal.
E) People must be trained in the field involved in order to qualify as agents.