When an agent pays for the right to have authority for a business, a(n) ____ is created.

Name: When an agent pays for the right to have authority for a business, a(n) ____ is created.
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Question

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When an agent pays for the right to have authority for a business, an agency coupled with an interest is created. This type of agency involves a legal interest in the subject matter of the agency and cannot be terminated by either party without mutual agreement.

When an Agent Pays for the Right to Have Authority