W 1 In common law legal systems a Firm may create a legal relationship called an agency by granting the Agent express authority or implied authority to act on behalf of the Firm to create legal relationships, obligations and liabilities in the name of the Firm to third parties. Is the statement above: O False O True There are only 3 ways in which the relationship of Principal and Agent may be created in a Common Law legal system in which a Firm is conducting business. Select an alternative O True O False Reset Maximum marks: 2