To establish an agency relationship:
A) the procedure in state statutes must be followed
B) there must be a written contract between the parties
C) the principal and agent must agree to form an agency
D) all of the other specific choices
E) none of the other choices
Correct Answer:
Verified
Q172: An agency may be established by:
A) operation
Q173: A principal's ratification is:
A) an agent's acceptance
Q174: For an agency to be valid in
Q175: An agency may be established by:
A) operation
Q176: Many states require agencies that will exist
Q178: A legal document that establishes some agency
Q179: Subagents work for the agent and owe
Q180: In most states, which agencies must be
Q181: _ takes place when the principal behaves
Q182: Ratification of an agreement that is required
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