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Get Answers to all your Questions
What are the Key elements which are required to create a Principal-Agent relationship ?
Option: 1
Consent and Authority
Option: 2
Fiduciary Duty
Option: 3
Scope of Agency
Option: 4
All of the above
Answers (1)
Agency relationship begins with the principal granting the agent consent and authority to act on their behalf, working in their best intrests and within the scope of agency. Hence, option (d) is correct.
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