Which of the Following Is True Regarding Agency Contracts

question 7

Multiple Choice

Which of the following is true regarding agency contracts?

• A)Agency contracts must clearly define the agent's compensation.
• B)A contract is not required to create an agency but if a contract exists,it must meet all requirements prescribed by contract law.
• C)A contract is required to create a valid agency
• D)An agency contract only needs to be signed by the principal.
• E)An agency contract cannot create an agency agreement longer than two years.

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