Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started