Which of the Following Agreements Will Result in the Formation

question 85

Multiple Choice

Which of the following agreements will result in the formation of an agency coupled with an interest?

• A)Borrower shall pledge securities to a lender,authorizing the lender to sell the securities and apply the proceeds to the loan in the event of default.
• B)Employee is hired for a period of two years at $40,000 per annum plus 2% of net sales.
• C)Broker is to receive a 5% sales commission out of the proceeds of the sale of a parcel of land.
• D)Attorney is to receive 25% of the plaintiff's recovery for personal injuries.