The agent has no liability to third parties when?

The contract is entered into by agent with no authority.

The contract is entered into by agent with authority but for an unidentified principal.

The contract is entered into by agent with express authority for a fully disclosed principal.

The agent has no liability in all of the above. -----------------------------------------------------------------------------

Which of the following is necessary to create an agency relationship?

A written contract.

A written contract if the agency relationship is related to real estate.

Financial Remuneration.

None of the above.