California Exam 03 Questions & Answers 100% Correct(SCORED A)Agency is referred to as the relationship between the agent and his principal. All of the following statements are correct about agency, except that:



A agency may be an expressed contract.

B the principal must pay money to the agent to create an agency relationship.

C agency may be an implied contract.

D the agreement may be in writing or oral - ANSWERSthe principal must pay money to the agent to create an agency relationship.


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