If an agency agreement lacks consideration, any agreement the agent enters into on the principal's behalf will be void.
Correct Answer:
Verified
Q108: Ratification of a contract can take place
Q109: An agent owes a fiduciary duty to
Q110: One advantage of sole proprietorships is that
Q111: A contract entered into by an agent
Q112: Full disclosure refers to an obligation to
Q114: The ratification of a contract by the
Q115: The biggest issue for a sole proprietor
Q116: As a general rule, sole proprietors are
Q117: Any restrictions in the employment contract between
Q118: An agent owes a fiduciary duty to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents