Which of the following is a correct statement relating to the concept of mutual agency and the corporate form of business?

Select one:

a$.$ Mutual agency may or may not exist in a corporation, 'depending on the individual state law.

b$.$ There is no mutual agency with the corporate form of business

c$.$ Mutual agency always exists in the corporate form of business

d$.$ Mutual agency may or may not exist in a corporation, depending on a vote by the shareholders.