Ask Question
4 March, 00:12

Which of the following is necessary to create an agency relationship? a. consideration b. an agent with contractual capacity c. a ratification by the principal d. none of the above

+5
Answers (1)
  1. 4 March, 00:33
    0
    The correct answer is letter "D": none of the above.

    Explanation:

    To create an agency relationship an express or implied agreement between the principal (stakeholder) and the agent (manager) must be given. In the agreement, the agent agrees to be subject to the principal's control which generates a fiduciary relationship - trust, confidence relationship.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following is necessary to create an agency relationship? a. consideration b. an agent with contractual capacity c. a ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers