To establish an agency relationship: there must be a written contract between th
ID: 338888 • Letter: T
Question
To establish an agency relationship:
there must be a written contract between the parties
all of the other specific choices
the principal must file an agency charter with the appropriate state agency
none of the other choices
the procedure in state statutes must be followed
a.there must be a written contract between the parties
b.all of the other specific choices
c.the principal must file an agency charter with the appropriate state agency
d.none of the other choices
e.the procedure in state statutes must be followed
Explanation / Answer
The answer to the following question is E. the procedure in state statutes must be followed.
The relationship does not require a written form of contract, but requires the procedures in the statute to be followed. Therefore, the answer is E.
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