Agency is described as a __________ relationship that results when a principal manifests consent to an agent to act on the principal's behalf subject to the principal's control.
A) necessary
B) business
C) layperson
D) fiduciary
Correct Answer:
Verified
Q9: Only an agent may end the agency
Q10: One who agrees to act and is
Q11: The person from whom an agent has
Q12: An agency transaction ends when the agency
Q13: The Restatements define the creation of an
Q15: To create an agency relationship, a/an _
Q16: _ occurs when an agent agrees to
Q17: The parties must have an understanding that
Q18: A _ of states have a statutory
Q19: Agents who act on behalf of a
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