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4. Explain the concept of apparent authority and how it differs from agency byestoppel. 5. Is it a good idea to create a principal-agency agreement

4. Explain the concept of apparent authority and how it differs from agency byestoppel. 5. Is it a good idea to create a principal-agency agreement without a written contract?Can an oral agreement be used for all types of principal-agency relationships? 6. Is financial remuneration necessary to create a principal-agency relationship

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