Asked by
Vincent Sciortino
on Nov 28, 2024
Verified
In an agency relationship, one party called the principal agrees to represent or act for another called the agent .
Principal
In agency law, a person who agrees to have another, called the agent, act on his or her behalf.
Agency Relationship
A legal and fiduciary relationship between two parties, where one (the agent) is authorized to act on behalf of the other (the principal) in business dealings.
Agent
A person who agrees to represent or act for another, called the principal.
- Gain insight into the characteristics and establishment of agency relationships.
Verified Answer
MD
Learning Objectives
- Gain insight into the characteristics and establishment of agency relationships.
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