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Examen

Agency and Partnership(all solved)
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15

septiembre 2023

2023/2024

A+
I. FORMATION OF THE AGENCY RELATIONSHIP correct answers A. DEFINITION: Agency is the fiduciary relation which results from the manifestation of consent by one person to another that the other shall act on his behalf and subject to his control, and consent by the other so to act.The person who is acting for another is the agent; the person for whom the agent is acting is the principal. 1. CONSENT: Consent of both the principal and the agent is necessary to form an agency relationship. Consent ...
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