Question

According to common law, an agency relationship can be created by _____.

1) implication
2) oral agreement
3) written agreement
4) any of the answers shown

Answer 1

An agency relationship can be created by implication, oral agreement, or written agreement.

Step-by-step explanation:

An agency relationship can be created by any of the answers shown:

1. Implication
2. Oral agreement
3. Written agreement

An agency relationship is a legal relationship where one party, known as the principal, authorizes another party, known as the agent, to act on their behalf in dealing with third parties. This relationship can be created explicitly through written or oral agreements, or it can be implied based on the conduct and actions of the parties involved.