BL - May 2015 - L1 - SA - Q15 - Agency Law

BL – May 2015 – L1 – SA – Q15 – Agency Law

Identify the parties involved in an agency relationship.

Question

An agency relationship involves the
A. Agent alone
B. Principal alone
C. Third party alone
D. Agent, principal, and the third party
E. Third party and the principal

Answer

Answer: D

Explanation:
The correct answer is “D. Agent, principal, and the third party.” An agency relationship is typically a triangular relationship involving an agent, a principal who grants authority, and a third party with whom the agent interacts on behalf of the principal.

Tags: Agency Law, Agent, Principal
Level: Level 1

Topic: Agency Law
Series: MAY 2015

Uploader: Joseph

BL – May 2015 – L1 – SA – Q15 – Agency Law

Identify the parties involved in an agency relationship.

Explanation:
The correct answer is “D. Agent, principal, and the third party.” An agency relationship is typically a triangular relationship involving an agent, a principal who grants authority, and a third party with whom the agent interacts on behalf of the principal.

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BL – May 2015 – L1 – SA – Q15 – Agency Law

Identify the parties involved in an agency relationship.

Explanation: The correct answer is “D. Agent, principal, and the third party.” An agency relationship is typically a triangular relationship involving an agent, a principal who grants authority, and a third party with whom the agent interacts on behalf of the principal.

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Contact Info

Get In Touch

Explanation:
The correct answer is “D. Agent, principal, and the third party.” An agency relationship is typically a triangular relationship involving an agent, a principal who grants authority, and a third party with whom the agent interacts on behalf of the principal.