Which of the following statements is true of an exclusive agency contract?
A) It does not permit an agent to work for a different principal for the duration of the agreement.
B) It occurs when an unauthorized agent commits a principal to an agreement which the principal later accepts.
C) An agent can recover monetary damages, court costs, and attorney's fees if a principal fails to live up to this agreement.
D) An agent has the authority to make decisions concerning a principal's medical care in the event of a serious illness that renders the principal mentally incompetent.
Correct Answer:
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