An agency always requires:
A) Both an agent and principal who are adults.
B) A written contract.
C) Consideration on the part of both the principal and the agent.
D) An identified underlying transaction.
E) Intent by both the principal and agent to be in the arrangement.
Correct Answer:
Verified
Q7: An undisclosed agency exists where the third
Q10: In an undisclosed agency,both the principal and
Q21: An agency arrangement can be terminated by:
A)Achievement
Q21: An agency agreement may exist for an
Q22: Agent enters into a contract with Third
Q24: Someone authorized to act on behalf of
Q26: An agency agreement may terminate after a
Q28: The bankruptcy of which party(ies)will cause an
Q30: An agent may continue to represent the
Q30: The death of which party(ies)will cause an
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