Unlike most contracts, consideration need not be exchanged to form an agency relationship.
Correct Answer:
Verified
Q6: Partners act as agents for the partnership
Q7: A power of attorney need not be
Q8: A special type of power of attorney
Q9: An agent's duties to the principal include
A)
Q10: An apparent agency can be created by
Q11: An agency relationship may not be created
A)
Q12: An agency may be created by ratification
Q13: Disputes concerning agency law are typically resolved
Q14: The doctrine of respondeat superior applies to
Q16: When used in relation to the agency
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