Which of the following agreements will result in the formation of an agency coupled with an interest?
A) Borrower shall pledge securities to a lender,authorizing the lender to sell the securities and apply the proceeds to the loan in the event of default.
B) Employee is hired for a period of two years at $40,000 per annum plus 2% of net sales.
C) Broker is to receive a 5% sales commission out of the proceeds of the sale of a parcel of land.
D) Attorney is to receive 25% of the plaintiff's recovery for personal injuries.
Correct Answer:
Verified
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