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Asked by kenoshabryant1
Which of the following is true of agency relationships? Agency...
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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Answered by Prof_cologolla
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