All of the Following Statements About the Rules Governing Agency

question 11

Multiple Choice

All of the following statements about the rules governing agency relationships are true EXCEPT

• A)An agent must be authorized to act on behalf of a principal.
• B)An agency agreement may grant certain powers to the agent as well as denying the agent other powers.
• C)The principal is responsible for the acts of agents only if the acts are criminal.
• D)Knowledge of the agent is presumed to be knowledge of the principal with respect to matters within the scope of the agency relationship.

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Definitions:

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