A contract must exist between the agent and the third party as well as the agent and the principal for agency law to apply.

Name: A contract must exist between the agent and the third party as well as the agent and the principal for agency law to apply.
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Question

Quizplus · Accepted Answer

Agency law primarily requires a relationship between the agent and the principal, where the agent is authorized to act on behalf of the principal. A contract between the agent and the third party is not a necessity for agency law to apply.

A Contract Must Exist Between the Agent and the Third