Which of the following is correct with respect to the agency relationship?
A) Agents are those who act on behalf of others but are not employees.
B) The agency relationship must be created by contract.
C) No agency can be created without the consent of the principal.
D) For an agency contract to be valid, it must be in writing.
E) An agency agreement in writing and under seal is called a power of attorney.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is correct with respect to the agency relationship?
A) Agents are those who act on behalf of others but are not employees.
B) The agency relationship must be created by contract.
C) No agency can be created without the consent of the principal.
D) For an agency contract to be valid, it must be in writing.
E) An agency agreement in writing and under seal is called a power of attorney.

Which of the Following Is Correct with Respect to the Agency