California exam 03 stuvia - Study guides, Class notes & Summaries

Agency is referred to as the relationship between the agent and his principal. All of the following statements are correct about agency, except that: A agency may be an expressed contract. B the principal must pay money to the agent to create an agency relationship. C agency may be an implied contract. D the agreement may be in writing or oral - ANSWERSthe principal must pay money to the agent to create an agency relationship. Which of the following is closest to the same relationship a...

Agency is referred to as the relationship between the agent and his principal. All of the following statements are correct about agency, except that: A agency may be an expressed contract. B the principal must pay money to the agent to create an agency relationship. C agency may be an implied contract. D the agreement may be in writing or oral - ANSWERSthe principal must pay money to the agent to create an agency relationship. Which of the following is closest to the same relationship a...

California Exam 03 Questions & Answers 100% Correct(SCORED A)Agency is referred to as the relationship between the agent and his principal. All of the following statements are correct about agency, except that: A agency may be an expressed contract. B the principal must pay money to the agent to create an agency relationship. C agency may be an implied contract. D the agreement may be in writing or oral - ANSWERSthe principal must pay money to the agent to create an agency relationship. ...