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Which of the following is true of agency relationships? Agency relationships require an exchange of consideration to be formed. Legally binding agency relationships may be
Which of the following is true of agency relationships?
- Agency relationships require an exchange of consideration to be formed.
- Legally binding agency relationships may be formed between a principal who is a minor and an agent, if the agent is a fully capable adult.
- Agency relationships are created between a principal and an agent, who represents the principal to a third party.
- Agency relationships are created between a principal and an employee, who represents the principal to an agent.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
