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An agency contract must involve

Commerce
JAMB 2021

An agency contract must involve

  • A. a principal and a consumer
  • B. a principal and an agent
  • C. a principal and a producer
  • D. a principal and a third party
Post UTME Past Questions Agent
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Correct Answer: Option B
Explanation

An agency contract involves the relationship between two persons, (usually a principal and an agent) wherein one person has the authority to act on behalf of another. 

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent