Asked by
Kateannnicole Pagarigan
on Nov 28, 2024Verified
Dino, a certified public accountant and an investor, and Elma, an insurance salesperson and a realtor, may create an agency relationship for
A) a business purpose only.
B) any legal purpose.
C) any stated purpose.
D) only a purpose related to these parties' professions.
Certified Public Accountant
A professional who has met the educational and licensing requirements of a state and is qualified to perform accounting services, including audits.
Agency Relationship
A legal arrangement in which one party, the agent, is authorized to act on behalf of another, the principal, in business transactions or other matters.
Legal Purpose
A requirement for a contract to be valid, ensuring that the agreement is intended for a lawful objective and not for illegal activities.
- Catalog the various forms of agency and identify the conditions necessary for their inception.
Verified Answer
MH
Learning Objectives
- Catalog the various forms of agency and identify the conditions necessary for their inception.