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Explain the Interrelationship of Agency Law and Contract Law as They

question 64

Essay

Explain the interrelationship of agency law and contract law as they relate to the principal and agent in an agency relationship.


Definitions:

Acceptance

The act of agreeing to the terms of an offer, thereby creating a binding contract.

Certified

Officially recognized as possessing certain qualifications or meeting certain standards.

Demand Money

A request for payment or compensation.

Indorsements

Signatures or stamps placed on a document, typically a check or negotiable instrument, signifying agreement, approval, or acknowledgment.

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