Asked by
Kerryann Nesbeth
on Nov 30, 2024
Verified
A gratuitous agency is not a true agency because it is not formed by contract.
Gratuitous Agency
An arrangement where an agent acts on behalf of a principal without receiving any compensation for the services rendered.
Formed By Contract
Established or created as a result of a legal agreement between parties.
- Acquire knowledge of the conditions necessary for establishing and dissolving an agency relationship, including the influence of legal statutes on these processes.
Verified Answer
TB
Learning Objectives
- Acquire knowledge of the conditions necessary for establishing and dissolving an agency relationship, including the influence of legal statutes on these processes.
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