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24 June, 15:01

Stefanie opens a checking account at her neighborhood bank and writes a check on her account. The legal relationship between Stefanie and the bank can be described as:

a. a customer relationship.

b. a secured transaction relationship.

c. an agency relationship.

d. a sales relationship.

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  1. 24 June, 17:53
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    c. An agency relationship

    Explanation:

    An agency relationship is a mutual relationship, in which one person (i. e the principle) gives a permission to an agent so as to act on their behalf.

    In this relationship the agent must consent to the instructions of the person i. e the principle.

    Here in the question, Stefanie acting as Principal who has directed the agent (which is the bank in the given case) to execute a task.
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