Tom's photographs will be exhibited for two weeks in Natural WildLife Gallery Inc.,commencing May 1.The gallery is authorized to sell any of Tom's works,as long as they adhere to the agreed price list.What is the nature of the relationship between these parties?

Question

Quizplus · Accepted Answer

The relationship is an "agency by agreement" because Tom (the principal) has given Natural WildLife Gallery Inc. (the agent) the authority to sell his photographs on his behalf, based on a mutual agreement and an agreed price list.

Tom's Photographs Will Be Exhibited for Two Weeks in Natural