Agency Relationship in Commercial Law

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PlushBowenite5382
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5 Questions

Which one of the following is NOT a way in which agencies are formed?

By ratification

What is the definition of Agency?

The relationship between a principal and an agent

What does the term 'authority' refer to in the context of an agency relationship?

The power to make decisions on behalf of the principal

What is the scope of an agency?

The extent of the agent's authority

Which one of the following is NOT a topic covered in the text?

The role of a principal

This quiz covers the topic of the creation of an agency relationship in commercial law. Test your knowledge on the fundamental concepts and principles in this area of law.

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