Practice Quiz

DSST Business Law II Exam Prep

Category - DSST Business Law II

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Which of the following are examples of an authorization that can create an agency relationship?
I. A Power of Attorney
II. A written agency contract
III. An oral authorization by the principal
  1. I, II, and III.
  2. I and II only.
  3. I only.
  4. I and II only.
  5. Neither I, II, or III.
Explanation
Answer: A. A Power of Attorney, a written agency contract, and an oral authorization by the principal are all examples of an authorization that can create an agency relationship. Similarly, an agency relationship can be terminated in writing, orally, or by operation of law. A Power of Attorney may be revoked by a written statement.
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