An agency relationship:
A) exists only when it is in the form of a written document signed by both the parties.
B) can be either compensated or uncompensated.
C) will not exist if the parties have expressly agreed that they do not intend to create one.
D) can be formed only by contract.

Question

Quizplus · Accepted Answer

Agency relationships are usually formed by contract, although they may be found in the absence of a contractual agreement. An agency may be either written or oral and either compensated or uncompensated. In fact, a court may find that there is an agency relationship even though the parties have expressly agreed that they do not intend to create one.

An Agency Relationship