One who agrees to act and is authorized to act on behalf of another, a principal, to legally bind the principal in particular business transactions with third parties pursuant to an agency relationship is the __________.

Question

Quizplus · Accepted Answer

An agent is someone who is authorized to act on behalf of another person (the principal) in business transactions or other matters, thereby having the ability to legally bind the principal in those matters.

One Who Agrees to Act and Is Authorized to Act