The major parties to an agency relationship are the?

Commerce JAMB 2011

The major parties to an agency relationship are the?

  • principal and the creditor
  • bailee and the bailor
  • principal and the agent checkmark
  • shareholder and the creditor

The correct answer is: C

Explanation

This is a business relationship where a principal gives legal authority to an agent to act on the principal's behalf when dealing with a third party.
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