Which of the following is true regarding criteria needed for creation of the agency relationship?

Question

Answer

The agency must be created for a lawful purpose; and, although there is no requirement that the person hiring an agent have capacity, the person acting as an agent must have contractual capacity.

Answer

The agency must be created for a business and lawful purpose, and the person hiring an agent must have contractual capacity.

Answer

The agency must be created for a lawful purpose, and the person hiring an agent must have contractual capacity.

Answer

The agency must be created for an equitable as well as a lawful purpose, and the person hiring an agent must have contractual capacity.

Answer

The agency must be created for an equitable as well as a lawful purpose; and, although there is no requirement that the person hiring an agent have capacity, the person acting as an agent must have contractual capacity.

Crowdly

Which of the following is true regarding criteria needed for creation of the age...

Want instant access to all verified answers on moodle.immaculata.edu?