Which of the following statements is true? Agency agreements
A) may only be terminated by notice given, or by the death, insanity, bankruptcy of either principal or agent.
B) are agreements of utmost good faith on the part of the agent.
C) if arising other than through operation of law or by necessity, must be in writing to be valid.
D) would not include, by definition, Powers of Attorney.
Correct Answer:
Verified
Q4: How may an agency arise?
A) Contract.
B) Necessity.
C)
Q5: An agent may be liable on contracts
Q6: Who can be an agent?
A) Employee.
B) Independent
Q7: Who are the parties to an agency?
A)
Q8: Which of the following statements is false?
Q10: Ted Johnson is employed by a large
Q11: Jane acted as agent for the ACME
Q12: Which parties are bound by the contract
Q13: Agents may expose themselves to personal liability
Q14: While an agent is travelling in Northern
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