WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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The major parties to an agency relationship are the?

Commerce
JAMB 2011
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
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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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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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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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WAEC offline past questions - with all answers and explanations in one app - Download for free
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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709