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An Agency Coupled with an Interest Typically Arises in Which

Question 78

Multiple Choice

An agency coupled with an interest typically arises in which situation?


A) The agent is compensated for the performance of the duties.
B) The principal would likely suffer a loss if the agent's duties are not properly performed.
C) The principal gives the agent authority to sell collateral owned by the principal in the event that the principal defaults on a loan payable to the agent.
D) The agent is hired to perform personal services on behalf of the principal.
E) All of the above are true.

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