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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
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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

User Jll
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5 votes

Answer:

The correct answer is letter "D": none of the above.

Step-by-step 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.

User Igor Tverdovskiy
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