Asked by
Wajiha Khalid
on Nov 23, 2024Verified
How may an agency arise?
A) Contract.
B) Necessity.
C) Conduct.
D) Contract or conduct.
E) Contract, necessity or conduct.
Agency
A relationship where one party, the agent, is authorized to act on behalf of another, the principal, in dealings with third parties.
Necessity
The condition or situation of being required or indispensable, often invoked in legal contexts where actions are taken out of an unavoidable need.
Contract
A legally binding agreement between two or more parties.
- Describe the different ways an agency relationship can arise.
Verified Answer
HS
Learning Objectives
- Describe the different ways an agency relationship can arise.