The major parties to an agency relationship are the?

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 Answer: Option C
Explanation

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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