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QUESTION 4 5 Which of the following are essential elements of an agency relationship? I. The agent has authority to act for the principal II

QUESTION

45

Which of the following are essential elements of an agency relationship?

I. The agent has authority to act for the principal

.

The principal has no control over the agent's actions on the principal's behalf.

I only

II only

Both I and II

Neither I nor II

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