What type of relationship has formed when the parties have agreed that one person will have power to bind the other person in contract?

Question

Quizplus · Accepted Answer

A)A principal-agent relationship has formed when the parties have agreed that the
agent will have power to bind the principal in contract.
B)A principal-agent relationship has formed when the parties have agreed that the agent will have power to bind the principal in contract.
C)A principal-agent relationship has formed when the parties have agreed that the agent will have power to bind the principal in contract.
D)A principal-agent relationship has formed when the parties have agreed that the agent will have power to bind the principal in contract.
E)A principal-agent relationship has formed when the parties have agreed that the agent will have power to bind the principal in contract.

What Type of Relationship Has Formed When the Parties Have