Which of the Following Is True Regarding Criteria Needed for Creation

question 77

Multiple Choice

Which of the following is true regarding criteria needed for creation of the agency relationship?

• A)The agency must be created for an equitable as well as a lawful purpose;and,although there is no requirement that the person hiring an agent have capacity,the person acting as an agent must have contractual capacity.
• B)The agency must be created for a lawful purpose;and,although there is no requirement that the person hiring an agent have capacity,the person acting as an agent must have contractual capacity.
• C)The agency must be created for a business and lawful purpose,and the person hiring an agent must have contractual capacity.
• D)The agency must be created for an equitable as well as a lawful purpose,and the person hiring an agent must have contractual capacity.
• E)The agency must be created for a lawful purpose,and the person hiring an agent must have contractual capacity.