Which of the following is a true statement?

Contractual capacity is not needed for the principal in a principal-agent relationship.

One characteristic of independent contractors is that they can never also be agents and thus enter into contracts on behalf of a principal.

Even when an employee is an employee at-will, statements made in the employer's policy and procedure manual may give employees implied-in-fact contracts right that limit the circumstances under which the employer can discharge the employee.

A power of attorney requires that the agent with the power be an attorney licensed by at least one state bar association as well as the federal bar association.