Practice Quiz

DSST Business Law II Exam Prep

Category - DSST Business Law II

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The law of agency is concerned with:
  1. The relationship between a principal and agent.
  2. The relationship between an athlete and his or her representative.
  3. The relationship between citizens and their congressional representative.
  4. The relationship between an employer and an employee.
  5. The relationship between an offeror and offeree.
Explanation
Answer: A. The law of agency is concerned with the relationship between a principal and agent. In an agency relationship the agent has legal authority to act for another. An agency relationship can be created explicitly or implicitly.
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