Which of the following is true regarding criteria needed for creation of the agency relationship?
A) The agency must be created for an equitable as well as a lawful purpose;and,although there is no requirement that the person hiring an agent have capacity,the person acting as an agent must have contractual capacity.
B) The agency must be created for a lawful purpose;and,although there is no requirement that the person hiring an agent have capacity,the person acting as an agent must have contractual capacity.
C) The agency must be created for a business and lawful purpose,and the person hiring an agent must have contractual capacity.
D) The agency must be created for an equitable as well as a lawful purpose,and the person hiring an agent must have contractual capacity.
E) The agency must be created for a lawful purpose,and the person hiring an agent must have contractual capacity.
Correct Answer:
Verified
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