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Agency is a relationship in which one person, known as an agent, is authorized by another person for whom she acts, known as a principal,

Agency is a relationship in which one person, known as an agent, is authorized by another person for whom she acts, known as a principal, to form contracts with third parties on the principal's behalf. The following are examples of agents, except one:

1.

co-dependent agent

2.

Every member of a business partnership

3.

dependent agent

4.

commission agent

5.

independent agent

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