Which of the following is true regarding agency contracts?
A) Agency contracts must clearly define the agent's compensation.
B) A contract is not required to create an agency but if a contract exists,it must meet all requirements prescribed by contract law.
C) A contract is required to create a valid agency
D) An agency contract only needs to be signed by the principal.
E) An agency contract cannot create an agency agreement longer than two years.
Correct Answer:
Verified
Q66: What if instead of Mark directing Charlie
Q67: What should Melanie seek if she wants
Q68: When determining whether a worker is an
Q69: What type of agency is formed when
Q70: When an individual misrepresents himself or herself
Q72: In the text case Glenn v.Gibbs,Glenn was
Q73: [Lakeside Property] Kumar agreed to act as
Q74: Which of the following is the best
Q75: Robert has agreed to act as an
Q76: Which of the following is true regarding
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