Which of the following statements about agency relationships is not true?
A) Agency is a legal relationship between a principal and an agent.
B) The agency relationship must necessarily be evidenced by a written contract.
C) The agent represents and acts on behalf of the principal in making contracts with third parties, which normally are binding on the principal, but not on the agent.
D) An agent who acts beyond the scope or her of his authority is personally liable to the third party.
Correct Answer:
Verified
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