1. Which of the following is not required to form a legal agency relationship?

a) the agent must have legal contractual capacity

b) the agency must be created for benefit of principal

c)the agency must be consensual

d)the agency must be for legal purposes

2. Shakira hired Bono as her agent for the purpose of buying her a vacation home in St. Lucia. Shakira tells Bono she does not want the seller to know she is the purchaser. Bono negotiates the purchase of a house for Shakira. The sellers know that Bono is not the actual purchaser of the house. In this case, Shakira is a ...

a)shadow purchaser

b)guilty of fraug

c)partially disclosed principle

d)undisclosed principal