An agency relationship may not arise in the absence of a contractual agreement.
Correct Answer:
Verified
Q11: Most agency rules spring from:
A) customary law.
B)
Q12: The duty of loyalty demands that the
Q13: Independent contractors:
A) are under the control of
Q14: If an agent uses the money of
Q15: Agents who are under the control of
Q17: The proximate cause rule is designed to
Q18: An agent's fiduciary duty of loyalty to
Q19: Banks generally continue to have the authority
Q20: Whereas a sales representative can bind its
Q21: When an agent's breach of duty causes
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