The major parties to an agency relationship are... - JAMB Commerce 2011 Question
The major parties to an agency relationship are the?
A
principal and the creditor
B
bailee and the bailor
C
principal and the agent
D
shareholder and the creditor
correct option: c
This is a business relationship where a principal gives legal authority to an agent to act on the principal's behalf when dealing with a third party.
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