Agency relationships are normally consensual, coming about through voluntary consent and agreement between the parties. a. True b. False

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Business

Payton Sharp

25 September, 08:22

Agency relationships are normally consensual, coming about through voluntary consent and agreement between the parties. a. True b. False

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Sharon Long · Answer 1

True

Explanation:

The above statement that, Agency relationship are normally consensual, coming about through voluntary consent and agreement between the parties is true.

The agency relation is defined as a relation in which a company or any person allow any another person or we can say agent to act on his behalf.

The must listen and follow the instruction of the company or the person.

In agent relationship there are two parties who are involve in it they are the principal and the agent. The principal is the person who hire the agent to act on his behave. It is fully a formal or we can say a business relation where the principal or the main person allow the agent to act on his behalf with the third party. There should be loyalty on the behalf of both the parties.