What is an agency relationship?

asked Oct 5, 2018 97.9k views

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5 votes

A business relationship in which a principle gives an agent legal authority to act on their behalf when dealing with third parties.

Hope this helps!

Takanori answered Oct 6, 2018

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4 votes

Where a principal gives legal authority to an agent to act on the principal's behalf when dealing with a third party

Udinic answered Oct 9, 2018

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